1502 Franklin AvePanhandleTX79068
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Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Panhandle at 1502 Franklin Ave, Panhandle, TX, 79068 with 5% annual appreciation on a $117,500 basis while $1,656/mo rent supports operations. Total monthly income totals $1,656/mo and a $575/mo payment preserves $821/mo for cash returns. Annual cash flow comes to $9,846/yr on $38,951 deployed, and return on cash invested reaches 45.19% in year one. Equity gained on principal adds $758/yr, and five-year appreciation sums $32,463 alongside rental yield of 16.91%. Five-year ROI measures 239.66% and total cumulative return in cash totals $93,350.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,656/mo property income versus a $575/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79068, Panhandle, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,379 (100%) |
| Owner Occupied HU | 978 (70.9%) |
| Renter Occupied HU | 259 (18.8%) |
| Vacant Housing Units | 142 (10.3%) |
| Median Home Value | $178,728 |
| Average Home Value | $177,689 |
Housing Distribution
Address Breakdown
Residential
213
Single Family
213
Multi-Family
0
Businesses
99
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Listed by: Twila Baldwin • Coldwell Banker First Equity
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-3722
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.