2902 County Road 310PetersburgTX79250
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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 Petersburg at 2902 County Road 310, Petersburg, TX, 79250 uses $39,780 cash to close to unlock $1,344/yr annual cash flow and $112/mo monthly cash flow. Total monthly income runs $965/mo, and a $587/mo payment keeps the spread at $112/mo. Purchase price stands at $120,000, and rental yield measures 9.65% with $965/mo rent. Return on cash invested shows 23.29% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 122.16% and total cumulative return in cash records $48,595. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $965/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in N/A
5.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79250, Petersburg, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 577 (100%) |
| Owner Occupied HU | 353 (61.2%) |
| Renter Occupied HU | 111 (19.2%) |
| Vacant Housing Units | 113 (19.6%) |
| Median Home Value | $118,403 |
| Average Home Value | $146,976 |
Housing Distribution
Address Breakdown
Residential
138
Single Family
138
Multi-Family
0
Businesses
33
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Listed by: Eva Estrada • JPAR Lubbock
Mls Name: LBMLS
Mls Provider:
Mls ID: #202415402
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.