1644 Locust StColorado CityTX79512
Nearby investment properties with comparable rents
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
Rental property for sale in Colorado City at 1644 Locust St, Colorado City, TX, 79512 priced at $115,000 pairs $878/mo rent with $60/mo cash flow after a $563/mo payment. Total monthly income equals $878/mo, and annual cash flow comes to $721/yr on $38,123 invested. Return on cash invested is 21.8% in year one, and rental yield stands at 9.16% on a $115,000 basis. Equity gained on principal adds $742/yr, and 5% annual appreciation accumulates to $31,772 by year five. Five-year ROI measures 114.35% and total cumulative return in cash reaches $43,593. For financing, Ziffy Mortgage’s DSCR program evaluates $878/mo property income against a $563/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2006
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79512, Colorado City, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,090 (100%) |
| Owner Occupied HU | 1,639 (53.0%) |
| Renter Occupied HU | 678 (21.9%) |
| Vacant Housing Units | 773 (25.0%) |
| Median Home Value | $93,548 |
| Average Home Value | $164,599 |
Housing Distribution
Address Breakdown
Residential
2,490
Single Family
2,490
Multi-Family
0
Businesses
293
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Edward Mcclintick • Joseph Walter Realty, LLC
Mls Name: NTREIS
Mls ID: #20859048
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.