406 E Chicago StMuleshoeTX79347
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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 Muleshoe at 406 E Chicago St, Muleshoe, TX, 79347 uses $75,914 cash to close to unlock $5,609/yr annual cash flow and $467/mo monthly cash flow. Total monthly income runs $2,096/mo, and a $1,121/mo payment keeps the spread at $467/mo. Purchase price stands at $229,000, and rental yield measures 10.98% with $2,096/mo rent. Return on cash invested shows 27.3% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 143.7% and total cumulative return in cash records $109,085. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,096/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79347, Muleshoe, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,915 (100%) |
| Owner Occupied HU | 1,647 (56.5%) |
| Renter Occupied HU | 860 (29.5%) |
| Vacant Housing Units | 408 (14.0%) |
| Median Home Value | $117,323 |
| Average Home Value | $192,347 |
Housing Distribution
Address Breakdown
Residential
2,569
Single Family
2,519
Multi-Family
50
Businesses
339
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