408 Kirchwood RdPlainviewTX79072
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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 Plainview at 408 Kirchwood Rd, Plainview, TX, 79072 generates $7,164/mo in rent and, after a $2,638/mo payment, leaves $3,294/mo in cash flow. Total monthly income is $7,164/mo, and annual cash flow is $39,525/yr on $177,331 invested. Return on cash invested sits at 42.35% in year one, and rental yield is 15.95% on a $539,000 entry. Equity gained on principal adds $3,478/yr, while 5% annual appreciation builds toward $148,916 over five years. Five-year ROI reaches 224.45% and total cumulative return in cash sums $398,028. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,164/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
0.54 Acres lot
$N/A/sqft
$450 annually 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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No similar rental properties found nearby.
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Listed by: Kristen Wright • Wright Realty and Design
Mls Name: LBMLS
Mls Provider:
Mls ID: #202403647
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.