307 N 17th StLamesaTX79331
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 307 N 17th St, Lamesa, TX, 79331 uses $59,339 cash to close to unlock $1,083/yr annual cash flow and $90/mo monthly cash flow. Total monthly income runs $1,363/mo, and a $876/mo payment keeps the spread at $90/mo. Purchase price stands at $179,000, and rental yield measures 9.14% with $1,363/mo rent. Return on cash invested shows 21.73% in year one, and 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 113.9% and total cumulative return in cash records $67,587. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,363/mo property income covering a $876/mo payment rather than investor’s personal income.
Single Family
Built in N/A
9,583 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sharon Youngblood • Sharon Youngblood Realty, LLC
Mls Name: LBMLS
Mls Provider:
Mls ID: #202415518
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.