408 2nd StPlainsTX79355
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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
Rental property for sale in Plains at 408 2nd St, Plains, TX, 79355 priced at $210,000 converts $1,472/mo rent into after a $1,028/mo obligation. Total monthly income equals $1,472/mo. Return on cash invested prints 19.54% in year one, and rental yield reads 8.41% against a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation compiles into $58,019 by year five. Five-year ROI reaches 102.1% and total cumulative return in cash sums $71,080. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,472/mo property income covering a $1,028/mo payment, not borrower’s personal income.
Manufactured
Built in N/A
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79355, Plains, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 760 (100%) |
| Owner Occupied HU | 508 (66.8%) |
| Renter Occupied HU | 140 (18.4%) |
| Vacant Housing Units | 112 (14.7%) |
| Median Home Value | $164,931 |
| Average Home Value | $180,039 |
Housing Distribution
Address Breakdown
Residential
69
Single Family
69
Multi-Family
0
Businesses
81
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Listed by: Breeann Thornton • Avenue Real Estate
Mls Name: LBMLS
Mls Provider:
Mls ID: #202413276
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.