516 N Avenue VShallowaterTX79363
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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 Shallowater at 516 N Avenue V, Shallowater, TX, 79363 with 5% annual appreciation on a $387,500 basis while $4,001/mo rent supports operations. Total monthly income totals $4,001/mo and a $1,897/mo payment preserves $1,245/mo for cash returns. Annual cash flow comes to $14,940/yr on $128,456 deployed, and return on cash invested reaches 31.54% in year one. Equity gained on principal adds $2,500/yr, and five-year appreciation sums $107,059 alongside rental yield of 12.39%. Five-year ROI measures 166.45% and total cumulative return in cash totals $213,819.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,001/mo property income versus a $1,897/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79363, Shallowater, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,492 (100%) |
| Owner Occupied HU | 1,816 (72.9%) |
| Renter Occupied HU | 513 (20.6%) |
| Vacant Housing Units | 163 ( 6.5%) |
| Median Home Value | $276,884 |
| Average Home Value | $310,461 |
Housing Distribution
Address Breakdown
Residential
2,326
Single Family
2,326
Multi-Family
0
Businesses
143
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Listed by: Tammy Hamersley • RE/MAX Lubbock
Mls Name: LBMLS
Mls Provider:
Mls ID: #202407656
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.