3014 Edgemere DrPlainviewTX79072
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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 Plainview at 3014 Edgemere Dr, Plainview, TX, 79072 priced at $182,735 converts $1,644/mo rent into $345/mo cash flow after a $894/mo obligation. Total monthly income equals $1,644/mo, and annual cash flow totals $4,139/yr on $60,577 invested. Return on cash invested prints 26.74% in year one, and rental yield reads 10.8% against a $182,735 entry. Equity gained on principal adds $1,179/yr, while 5% annual appreciation compiles into $50,486 by year five. Five-year ROI reaches 140.71% and total cumulative return in cash sums $85,235. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,644/mo property income covering a $894/mo payment, not borrower’s personal income.
Single Family
Built in 1980
7,840 sqft 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: Hadley Perkins • Clift Land Brokers
Mls Name: AMMLS
Mls Provider:
Mls ID: #25-4266
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.