1701 E Carter DrBrownfieldTX79316
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
Investment property for sale in Brownfield at 1701 E Carter Dr, Brownfield, TX, 79316 offers a 9.37% rental yield on a $420,000 purchase with $3,281/mo rent. Total monthly income registers $3,281/mo, and a $2,056/mo payment leaves $294/mo available for distribution. Annual cash flow reaches $3,528/yr on $139,230 to close, and return on cash invested stands at 22.44% in year one. Equity gained on principal adds $2,710/yr while 5% annual appreciation supports $116,038 over five years. Portfolio math shows five-year ROI at 117.63% and total cumulative return in cash at $163,783. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,281/mo property income against a $2,056/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79316, Brownfield, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,297 (100%) |
| Owner Occupied HU | 2,421 (56.3%) |
| Renter Occupied HU | 1,153 (26.8%) |
| Vacant Housing Units | 723 (16.8%) |
| Median Home Value | $114,933 |
| Average Home Value | $142,074 |
Housing Distribution
Address Breakdown
Residential
3,805
Single Family
3,610
Multi-Family
195
Businesses
440
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Patricia Brashears • Brashears Home and Land Realty
Mls Name: LBMLS
Mls ID: #202564279