1502 S Indiana StPerrytonTX79070
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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 Perryton at 1502 S Indiana St, Perryton, TX, 79070 priced at $115,000 converts $1,327/mo rent into $509/mo cash flow after a $563/mo obligation. Total monthly income equals $1,327/mo, and annual cash flow totals $6,109/yr on $38,123 invested. Return on cash invested prints 35.93% in year one, and rental yield reads 13.85% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 190.12% and total cumulative return in cash sums $72,477. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,327/mo property income covering a $563/mo payment, not borrower’s personal income.
Single Family
Built in 1965
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79070, Perryton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,219 (100%) |
| Owner Occupied HU | 2,591 (61.4%) |
| Renter Occupied HU | 904 (21.4%) |
| Vacant Housing Units | 724 (17.2%) |
| Median Home Value | $152,797 |
| Average Home Value | $197,450 |
Housing Distribution
Address Breakdown
Residential
3,528
Single Family
3,401
Multi-Family
127
Businesses
487
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Listed by: Sherrie Rima • All State Realty
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-5786
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.