2412 Magan StPlainviewTX79072
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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
Investment property for sale in Plainview at 2412 Magan St, Plainview, TX, 79072 uses $82,875 cash to close to unlock $12,022/yr annual cash flow and $1,002/mo monthly cash flow. Total monthly income runs $2,780/mo, and a $1,224/mo payment keeps the spread at $1,002/mo. Purchase price stands at $250,000, and rental yield measures 13.34% with $2,780/mo rent. Return on cash invested shows 34.42% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 181.83% and total cumulative return in cash records $150,694. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,780/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1995
9,100 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79072, Plainview, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,330 (100%) |
| Owner Occupied HU | 5,531 (53.5%) |
| Renter Occupied HU | 3,249 (31.5%) |
| Vacant Housing Units | 1,550 (15.0%) |
| Median Home Value | $127,117 |
| Average Home Value | $173,343 |
Housing Distribution
Address Breakdown
Residential
8,773
Single Family
8,193
Multi-Family
580
Businesses
777
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Listed by: Nancy Lee Garrett • Keller Williams Realty-LAR
Mls Name: Plainview AOR
Mls Provider:
Mls ID: #24-188
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.