602 1st StPlainsTX79355
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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 Plains at 602 1st St, Plains, TX, 79355 at $165,000 posts ROI 21.74% with $83/mo cash flow from $1,257/mo rent. Total monthly income equals $1,257/mo, and annual cash flow records $999/yr on $54,698 to close. Return on cash invested measures 21.74% and rental yield reads 9.14% at the current $165,000. Equity gained on principal adds $1,065/yr, and 5% annual appreciation supports $45,586 by year five. Five-year ROI prints 113.93% and total cumulative return in cash totals $62,315.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,257/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1976
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79355, Plains, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 760 (100%) |
| Owner Occupied HU | 508 (66.8%) |
| Renter Occupied HU | 140 (18.4%) |
| Vacant Housing Units | 112 (14.7%) |
| Median Home Value | $164,931 |
| Average Home Value | $180,039 |
Housing Distribution
Address Breakdown
Residential
69
Single Family
69
Multi-Family
0
Businesses
81
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Listed by: Kristal Saenz • Exit Realty of Lubbock
Mls Name: LBMLS
Mls Provider:
Mls ID: #202550360
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.