402 E Ellis StLevellandTX79336
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 Levelland at 402 E Ellis St, Levelland, TX, 79336 offers a 19.88% rental yield on a $120,000 purchase with $1,988/mo rent. Total monthly income registers $1,988/mo, and a $587/mo payment leaves $1,135/mo available for distribution. Annual cash flow reaches $13,620/yr on $39,780 to close, and return on cash invested stands at 54.15% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,154 over five years. Portfolio math shows five-year ROI at 287.65% and total cumulative return in cash at $114,427. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,988/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
1.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79336, Levelland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,131 (100%) |
| Owner Occupied HU | 4,343 (60.9%) |
| Renter Occupied HU | 1,773 (24.9%) |
| Vacant Housing Units | 1,015 (14.2%) |
| Median Home Value | $147,185 |
| Average Home Value | $220,218 |
Housing Distribution
Address Breakdown
Residential
6,490
Single Family
6,371
Multi-Family
119
Businesses
643
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dan Kubinski • Crowned Eagle Realty
Mls Name: LBMLS
Mls Provider:
Mls ID: #202407727
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.