218 NW 2nd StLockneyTX79241
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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 Lockney at 218 NW 2nd St, Lockney, TX, 79241 offers $840/mo rent that, after a $800/mo payment. Total monthly income is $840/mo. Return on cash invested measures 12.77% in year one, and rental yield stands at 6.17% at a $163,500 entry. Equity gained on principal adds $1,055/yr while 5% annual appreciation compounds into $45,172 by year five. Five-year ROI records 65.79% and total cumulative return in cash reaches $35,660. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $840/mo property income versus a $800/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79241, Lockney, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 964 (100%) |
| Owner Occupied HU | 597 (61.9%) |
| Renter Occupied HU | 190 (19.7%) |
| Vacant Housing Units | 177 (18.4%) |
| Median Home Value | $110,685 |
| Average Home Value | $121,604 |
Housing Distribution
Address Breakdown
Residential
260
Single Family
260
Multi-Family
0
Businesses
94
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Listed by: Veronica McClanahan • Billington Real Estate
Mls Name: LBMLS
Mls Provider:
Mls ID: #202501462
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.