300 E 11th AveRankinTX79778
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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 Rankin at 300 E 11th Ave, Rankin, TX, 79778 uses $33,150 cash to close to unlock $580/yr annual cash flow and $48/mo monthly cash flow. Total monthly income runs $759/mo, and a $489/mo payment keeps the spread at $48/mo. Purchase price stands at $100,000, and rental yield measures 9.11% with $759/mo rent. Return on cash invested shows 21.66% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 113.57% and total cumulative return in cash records $37,648. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $759/mo property income covering a $489/mo payment rather than investor’s personal income.
Manufactured
Built in 2013
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79778, Rankin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 336 (100%) |
| Owner Occupied HU | 211 (62.8%) |
| Renter Occupied HU | 70 (20.8%) |
| Vacant Housing Units | 55 (16.4%) |
| Median Home Value | $148,214 |
| Average Home Value | $171,031 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
62
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
No similar price properties found nearby.
Listed by: Bryan Skehan • Bunger Real Estate Company
Mls Name: San Angelo AOR
Mls Provider:
Mls ID: #126672
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.