508 W 1st StHale CenterTX79041
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 Hale Center at 508 W 1st St, Hale Center, TX, 79041 priced at $198,500 pairs $3,168/mo rent with $1,756/mo cash flow after a $972/mo payment. Total monthly income equals $3,168/mo, and annual cash flow comes to $21,072/yr on $65,803 invested. Return on cash invested is 51.93% in year one, and rental yield stands at 19.15% on a $198,500 basis. Equity gained on principal adds $1,281/yr, and 5% annual appreciation accumulates to $54,842 by year five. Five-year ROI measures 275.76% and total cumulative return in cash reaches $181,457. For financing, Ziffy Mortgage’s DSCR program evaluates $3,168/mo property income against a $972/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1959
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79041, Hale Center, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,294 (100%) |
| Owner Occupied HU | 738 (57.0%) |
| Renter Occupied HU | 336 (26.0%) |
| Vacant Housing Units | 220 (17.0%) |
| Median Home Value | $117,066 |
| Average Home Value | $152,801 |
Housing Distribution
Address Breakdown
Residential
392
Single Family
392
Multi-Family
0
Businesses
55
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Listed by: Tiffani Mason • Street Real Estate
Mls Name: Plainview AOR
Mls Provider:
Mls ID: #24-192
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.