515 E 16th StLittlefieldTX79339
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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 Littlefield at 515 E 16th St, Littlefield, TX, 79339 offers a 9.31% rental yield on a $155,000 purchase with $1,203/mo rent. Total monthly income registers $1,203/mo, and a $759/mo payment leaves $100/mo available for distribution. Annual cash flow reaches $1,205/yr on $51,383 to close, and return on cash invested stands at 22.25% in year one. Equity gained on principal adds $1,000/yr while 5% annual appreciation supports $42,824 over five years. Portfolio math shows five-year ROI at 116.69% and total cumulative return in cash at $59,956. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,203/mo property income against a $759/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79339, Littlefield, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,182 (100%) |
| Owner Occupied HU | 1,844 (58.0%) |
| Renter Occupied HU | 731 (23.0%) |
| Vacant Housing Units | 607 (19.1%) |
| Median Home Value | $86,753 |
| Average Home Value | $123,990 |
Housing Distribution
Address Breakdown
Residential
2,555
Single Family
2,555
Multi-Family
0
Businesses
263
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Listed by: Cole Whisenhunt • Keller Williams Realty
Mls Name: LBMLS
Mls ID: #202558764