3501 Red Oak LnPlainviewTX79072
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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 Plainview at 3501 Red Oak Ln, Plainview, TX, 79072 uses $69,615 cash to close to unlock $433/yr annual cash flow and $36/mo monthly cash flow. Total monthly income runs $1,685/mo, and a $1,028/mo payment keeps the spread at $36/mo. Purchase price stands at $210,000, and rental yield measures 9.63% with $1,685/mo rent. Return on cash invested shows 20.53% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 108.43% and total cumulative return in cash records $75,484. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,685/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Single Family
Built in 1978
9,600 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: Sharon Lankford Wright • Wright Realty & Design
Mls Name: Plainview AOR
Mls Provider:
Mls ID: #25-43
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.