416 S Main StLockneyTX79241
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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 Lockney at 416 S Main St, Lockney, TX, 79241 uses $52,874 cash to close to unlock $2,165/yr annual cash flow and $180/mo monthly cash flow. Total monthly income runs $1,315/mo, and a $781/mo payment keeps the spread at $180/mo. Purchase price stands at $159,500, and rental yield measures 9.89% with $1,315/mo rent. Return on cash invested shows 24% in year one, and 5% annual appreciation builds toward $44,067 over five years. Five-year ROI reaches 126.07% and total cumulative return in cash records $66,661. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,315/mo property income covering a $781/mo payment rather than investor’s personal income.
Single Family
Built in 1946
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79241, Lockney, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 964 (100%) |
| Owner Occupied HU | 597 (61.9%) |
| Renter Occupied HU | 190 (19.7%) |
| Vacant Housing Units | 177 (18.4%) |
| Median Home Value | $110,685 |
| Average Home Value | $121,604 |
Housing Distribution
Address Breakdown
Residential
260
Single Family
260
Multi-Family
0
Businesses
94
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Listed by: Tiffani Mason • Street Real Estate
Mls Name: Plainview AOR
Mls Provider:
Mls ID: #24-251
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.