300 2nd St NEChildressTX79201
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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 Childress at 300 2nd St NE, Childress, TX, 79201 offers $944/mo rent that, after a $1,395/mo payment. Total monthly income is $944/mo. Return on cash invested measures 6.16% in year one, and rental yield stands at 3.97% at a $285,000 entry. Equity gained on principal adds $1,839/yr while 5% annual appreciation compounds into $78,740 by year five. Five-year ROI records 30.34% and total cumulative return in cash reaches $28,662. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $944/mo property income versus a $1,395/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79201, Childress, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,897 (100%) |
| Owner Occupied HU | 1,606 (55.4%) |
| Renter Occupied HU | 707 (24.4%) |
| Vacant Housing Units | 584 (20.2%) |
| Median Home Value | $142,114 |
| Average Home Value | $207,363 |
Housing Distribution
Address Breakdown
Residential
2,436
Single Family
2,237
Multi-Family
199
Businesses
371
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Listed by: Diane Mashburn • Mashburn Realty & Investments
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-7182
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.