1502 S 8th StLamesaTX79331
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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
Rental property for sale in Lamesa at 1502 S 8th St, Lamesa, TX, 79331 priced at $260,000 converts $4,823/mo rent into $2,974/mo cash flow after a $1,273/mo obligation. Total monthly income equals $4,823/mo, and annual cash flow totals $35,684/yr on $86,190 invested. Return on cash invested prints 61.31% in year one, and rental yield reads 22.26% against a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation compiles into $71,833 by year five. Five-year ROI reaches 326.09% and total cumulative return in cash sums $281,057. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,823/mo property income covering a $1,273/mo payment, not borrower’s personal income.
Single Family
Built in 1966
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79331, Lamesa, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,451 (100%) |
| Owner Occupied HU | 2,678 (60.2%) |
| Renter Occupied HU | 1,024 (23.0%) |
| Vacant Housing Units | 749 (16.8%) |
| Median Home Value | $115,729 |
| Average Home Value | $216,196 |
Housing Distribution
Address Breakdown
Residential
4,305
Single Family
4,158
Multi-Family
147
Businesses
480
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No similar rental properties found nearby.
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Listed by: Sharon Youngblood • Sharon Youngblood Realty, LLC
Mls Name: TAR MLS
Mls ID: #209143
Disclaimer: Based on information from the Multiple Listing Service of the Association as of 2024-08-14 22:54:52 PDT. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Association provides the MLS and all content therein AS IS and without any warranty, express or implied. Copyright of Texas REALTORS. MLS aggregate data may not be reproduced or distributed.