3311 N Fm 2378ShallowaterTX79363
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 Shallowater at 3311 N Fm 2378, Shallowater, TX, 79363 listed at $549,900 pairs $2,579/mo rent with a $2,691/mo payment. Total monthly income runs $2,579/mo. Return on cash invested measures 11.23% in year one, and rental yield registers 5.63% at a $549,900 basis. Equity gained on principal adds $3,548/yr, and annual property appreciation at 5% supports $151,927 by year five. Five-year ROI tracks 57.51% and total cumulative return in cash totals $104,054. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,579/mo property income relative to a $2,691/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2016
10.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79363, Shallowater, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,492 (100%) |
| Owner Occupied HU | 1,816 (72.9%) |
| Renter Occupied HU | 513 (20.6%) |
| Vacant Housing Units | 163 ( 6.5%) |
| Median Home Value | $276,884 |
| Average Home Value | $310,461 |
Housing Distribution
Address Breakdown
Residential
2,326
Single Family
2,326
Multi-Family
0
Businesses
143
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Listed by: Kent Hebison • Keller Williams Realty
Mls Name: LBMLS
Mls ID: #202561471