2304 N Highway 87Big SpringTX79720
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 Big Spring at 2304 N Highway 87, Big Spring, TX, 79720 listed at $589,000 pairs $2,040/mo rent with a $2,883/mo payment. Total monthly income runs $2,040/mo. Return on cash invested measures 6.75% in year one, and rental yield registers 4.16% at a $589,000 basis. Equity gained on principal adds $3,801/yr, and annual property appreciation at 5% supports $162,730 by year five. Five-year ROI tracks 33.5% and total cumulative return in cash totals $64,910. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,040/mo property income relative to a $2,883/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1945
3.78 Acres 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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Listed by: Casey Huitt • Atkins Realty
Mls Name: PBBR
Mls Provider:
Mls ID: #50070819
Disclaimer: All information provided is deemed reliable but is not guaranteed and should be independently verified.