404 N 21st 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 404 N 21st St, Lamesa, TX, 79331 offers a 9.48% rental yield on a $189,000 purchase with $1,493/mo rent. Total monthly income registers $1,493/mo, and a $925/mo payment leaves $149/mo available for distribution. Annual cash flow reaches $1,789/yr on $62,654 to close, and return on cash invested stands at 22.76% in year one. Equity gained on principal adds $1,220/yr while 5% annual appreciation supports $52,217 over five years. Portfolio math shows five-year ROI at 119.42% and total cumulative return in cash at $74,818. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,493/mo property income against a $925/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
8,712 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
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