420 S 2nd StSlatonTX79364
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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 Slaton at 420 S 2nd St, Slaton, TX, 79364 generates $1,065/mo in rent and, after a $563/mo payment, leaves $247/mo in cash flow. Total monthly income is $1,065/mo, and annual cash flow is $2,965/yr on $38,123 invested. Return on cash invested sits at 27.69% in year one, and rental yield is 11.11% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 145.89% and total cumulative return in cash sums $55,617. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,065/mo property income rather than buyer’s personal income.
Single Family
Built in 1941
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79364, Slaton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,640 (100%) |
| Owner Occupied HU | 2,230 (61.3%) |
| Renter Occupied HU | 900 (24.7%) |
| Vacant Housing Units | 510 (14.0%) |
| Median Home Value | $135,673 |
| Average Home Value | $193,703 |
Housing Distribution
Address Breakdown
Residential
3,164
Single Family
2,981
Multi-Family
183
Businesses
237
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