2704 W 16th 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 2704 W 16th St, Plainview, TX, 79072 listed at $185,000 pairs $3,911/mo rent with a $905/mo payment to leave $2,596/mo cash flow. Total monthly income runs $3,911/mo, and annual cash flow reaches $31,151/yr on $61,328 cash to close. Return on cash invested measures 70.7% in year one, and rental yield registers 25.37% at a $185,000 basis. Equity gained on principal adds $1,194/yr, and annual property appreciation at 5% supports $51,112 by year five. Five-year ROI tracks 376.44% and total cumulative return in cash totals $230,859. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,911/mo property income relative to a $905/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
0.32 Acres 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: Shelley Woodbridge • Exit Realty of Lubbock
Mls Name: LBMLS
Mls Provider:
Mls ID: #202409395
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.