423 W Cherry StArcher CityTX76351
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Archer City at 423 W Cherry St, Archer City, TX, 76351 offers a 10.15% rental yield on a $289,000 purchase with $2,444/mo rent. Total monthly income registers $2,444/mo, and a $1,415/mo payment leaves $388/mo available for distribution. Annual cash flow reaches $4,661/yr on $95,804 to close, and return on cash invested stands at 24.77% in year one. Equity gained on principal adds $1,865/yr while 5% annual appreciation supports $79,845 over five years. Portfolio math shows five-year ROI at 130.18% and total cumulative return in cash at $124,718. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,444/mo property income against a $1,415/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76351, Archer City, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 812 (100%) |
| Owner Occupied HU | 547 (67.4%) |
| Renter Occupied HU | 153 (18.8%) |
| Vacant Housing Units | 112 (13.8%) |
| Median Home Value | $117,161 |
| Average Home Value | $184,689 |
Housing Distribution
Address Breakdown
Residential
2
Single Family
2
Multi-Family
0
Businesses
93
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Nearby investment properties with comparable prices
Listed by: Cari Pike • Times Real Estate LLC
Mls Name: WFAR
Mls Provider:
Mls ID: #179135
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