1616 Pecan 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 1616 Pecan Ave, Panhandle, TX, 79068 offers a 9.01% rental yield on a $315,000 purchase with $2,366/mo rent. Total monthly income registers $2,366/mo, and a $1,542/mo payment leaves $126/mo available for distribution. Annual cash flow reaches $1,509/yr on $104,423 to close, and return on cash invested stands at 21.35% in year one. Equity gained on principal adds $2,033/yr while 5% annual appreciation supports $87,029 over five years. Portfolio math shows five-year ROI at 111.81% and total cumulative return in cash at $116,753. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,366/mo property income against a $1,542/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
0.25 Acres 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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