422 S Ivy StCrosbytonTX79322
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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 Crosbyton at 422 S Ivy St, Crosbyton, TX, 79322 uses $43,095 cash to close to unlock $850/yr annual cash flow and $71/mo monthly cash flow. Total monthly income runs $995/mo, and a $636/mo payment keeps the spread at $71/mo. Purchase price stands at $130,000, and rental yield measures 9.18% with $995/mo rent. Return on cash invested shows 21.88% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 114.65% and total cumulative return in cash records $49,407. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $995/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79322, Crosbyton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 914 (100%) |
| Owner Occupied HU | 541 (59.2%) |
| Renter Occupied HU | 176 (19.3%) |
| Vacant Housing Units | 197 (21.6%) |
| Median Home Value | $74,268 |
| Average Home Value | $95,559 |
Housing Distribution
Address Breakdown
Residential
713
Single Family
692
Multi-Family
21
Businesses
92
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Listed by: Brian Aycock • Aycock Realty Group, LLC
Mls Name: LBMLS
Mls Provider:
Mls ID: #202310003
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.