501 SE 2nd StTuliaTX79088
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
Rental property for sale in Tulia at 501 SE 2nd St, Tulia, TX, 79088 priced at $104,900 converts $838/mo rent into $92/mo cash flow after a $513/mo obligation. Total monthly income equals $838/mo, and annual cash flow totals $1,110/yr on $34,774 invested. Return on cash invested prints 23.1% in year one, and rental yield reads 9.59% against a $104,900 entry. Equity gained on principal adds $677/yr, while 5% annual appreciation compiles into $28,982 by year five. Five-year ROI reaches 121.25% and total cumulative return in cash sums $42,162. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $838/mo property income covering a $513/mo payment, not borrower’s personal income.
Single Family
Built in 1959
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79088, Tulia, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,208 (100%) |
| Owner Occupied HU | 1,217 (55.1%) |
| Renter Occupied HU | 591 (26.8%) |
| Vacant Housing Units | 400 (18.1%) |
| Median Home Value | $102,232 |
| Average Home Value | $167,136 |
Housing Distribution
Address Breakdown
Residential
1,814
Single Family
1,814
Multi-Family
0
Businesses
188
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tiffaney Belflower • Belflower Realty Group, LLC
Mls Name: AMMLS
Mls Provider:
Mls ID: #25-7765
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.