301 N Armstrong AveTuliaTX79088
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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 Tulia at 301 N Armstrong Ave, Tulia, TX, 79088 offers $1,385/mo rent that, after a $778/mo payment, leaves $255/mo cash flow. Total monthly income is $1,385/mo, and annual cash flow is $3,057/yr on $52,675 cash. Return on cash invested measures 25.71% in year one, and rental yield stands at 10.46% at a $158,900 entry. Equity gained on principal adds $1,025/yr while 5% annual appreciation compounds into $43,901 by year five. Five-year ROI records 135.19% and total cumulative return in cash reaches $71,212. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,385/mo property income versus a $778/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79088, Tulia, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,208 (100%) |
| Owner Occupied HU | 1,217 (55.1%) |
| Renter Occupied HU | 591 (26.8%) |
| Vacant Housing Units | 400 (18.1%) |
| Median Home Value | $102,232 |
| Average Home Value | $167,136 |
Housing Distribution
Address Breakdown
Residential
1,814
Single Family
1,814
Multi-Family
0
Businesses
188
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Listed by: Sabre L. Cofer • EXP Realty, LLC
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-10210
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.