516 Patterson StBowieTX76230
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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 Bowie at 516 Patterson St, Bowie, TX, 76230 uses $77,074 cash to close to unlock $18,403/yr annual cash flow and $1,534/mo monthly cash flow. Total monthly income runs $3,187/mo, and a $1,138/mo payment keeps the spread at $1,534/mo. Purchase price stands at $232,500, and rental yield measures 16.45% with $3,187/mo rent. Return on cash invested shows 43.79% in year one, and 5% annual appreciation builds toward $64,235 over five years. Five-year ROI reaches 232.11% and total cumulative return in cash records $178,896. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,187/mo property income covering a $1,138/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76230, Bowie, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,291 (100%) |
| Owner Occupied HU | 3,205 (60.6%) |
| Renter Occupied HU | 1,099 (20.8%) |
| Vacant Housing Units | 987 (18.7%) |
| Median Home Value | $216,830 |
| Average Home Value | $275,278 |
Housing Distribution
Address Breakdown
Residential
4,580
Single Family
4,489
Multi-Family
91
Businesses
551
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Listed by: MISTY SCHMITZ • TIERRA REAL ESTATE
Mls Name: NTREIS
Mls ID: #20667371
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.