603 15th StShallowaterTX79363
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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 603 15th St, Shallowater, TX, 79363 earns from $1,942/mo rent with a $1,370/mo payment. Total monthly income totals $1,942/mo. ROI tracks 19.28% on current figures, and rental yield reads 8.32% at a $280,000 purchase. Equity gained on principal adds $1,807/yr, and 5% annual appreciation supports $77,359 over five years. Five-year ROI reaches 100.69% and total cumulative return in cash sums $93,465. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,942/mo property income instead of your personal income.
Single Family
Built in 1999
6,969 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: Madi Biddison • Better Homes and Gardens
Mls Name: LBMLS
Mls ID: #202558329