501 E Tate StBrownfieldTX79316
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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 Brownfield at 501 E Tate St, Brownfield, TX, 79316 uses $66,300 cash to close to unlock $2,828/yr annual cash flow and $236/mo monthly cash flow. Total monthly income runs $1,658/mo, and a $979/mo payment keeps the spread at $236/mo. Purchase price stands at $200,000, and rental yield measures 9.95% with $1,658/mo rent. Return on cash invested shows 24.17% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 126.94% and total cumulative return in cash records $84,164. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,658/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1950
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79316, Brownfield, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,297 (100%) |
| Owner Occupied HU | 2,421 (56.3%) |
| Renter Occupied HU | 1,153 (26.8%) |
| Vacant Housing Units | 723 (16.8%) |
| Median Home Value | $114,933 |
| Average Home Value | $142,074 |
Housing Distribution
Address Breakdown
Residential
3,805
Single Family
3,610
Multi-Family
195
Businesses
440
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Listed by: Bayley Falkenbury • Lyons Realty
Mls Name: LBMLS
Mls Provider:
Mls ID: #202552862
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.