1518 Wood StBig SpringTX79720
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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
Investment property for sale in Big Spring at 1518 Wood St, Big Spring, TX, 79720 uses $54,001 cash to close to unlock $8,255/yr annual cash flow and $688/mo monthly cash flow. Total monthly income runs $1,846/mo, and a $797/mo payment keeps the spread at $688/mo. Purchase price stands at $162,900, and rental yield measures 13.6% with $1,846/mo rent. Return on cash invested shows 35.2% in year one, and 5% annual appreciation builds toward $45,006 over five years. Five-year ROI reaches 186.02% and total cumulative return in cash records $100,452. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,846/mo property income covering a $797/mo payment rather than investor’s personal income.
Single Family
Built in 1950
8,755 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79720, Big Spring, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,228 (100%) |
| Owner Occupied HU | 7,149 (54.0%) |
| Renter Occupied HU | 3,742 (28.3%) |
| Vacant Housing Units | 2,337 (17.7%) |
| Median Home Value | $174,982 |
| Average Home Value | $206,924 |
Housing Distribution
Address Breakdown
Residential
12,084
Single Family
11,309
Multi-Family
775
Businesses
904
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