302 N 14th StLamesaTX79331
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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 Lamesa at 302 N 14th St, Lamesa, TX, 79331 offers a 16.88% rental yield on a $198,500 purchase with $2,792/mo rent. Total monthly income registers $2,792/mo, and a $972/mo payment leaves $1,380/mo available for distribution. Annual cash flow reaches $16,560/yr on $65,803 to close, and return on cash invested stands at 45.07% in year one. Equity gained on principal adds $1,281/yr while 5% annual appreciation supports $54,842 over five years. Portfolio math shows five-year ROI at 239.01% and total cumulative return in cash at $157,277. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,792/mo property income against a $972/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79331, Lamesa, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,451 (100%) |
| Owner Occupied HU | 2,678 (60.2%) |
| Renter Occupied HU | 1,024 (23.0%) |
| Vacant Housing Units | 749 (16.8%) |
| Median Home Value | $115,729 |
| Average Home Value | $216,196 |
Housing Distribution
Address Breakdown
Residential
4,305
Single Family
4,158
Multi-Family
147
Businesses
480
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Listed by: John F Farris • Sharon Youngblood Realty, LLC
Mls Name: TAR MLS
Mls ID: #210611
Disclaimer: Based on information from the Multiple Listing Service of the Association as of 2024-08-14 22:54:52 PDT. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Association provides the MLS and all content therein AS IS and without any warranty, express or implied. Copyright of Texas REALTORS. MLS aggregate data may not be reproduced or distributed.