603 Newman StSweetwaterTX79556
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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 Sweetwater at 603 Newman St, Sweetwater, TX, 79556 uses $62,985 cash to close to unlock $989/yr annual cash flow and $82/mo monthly cash flow. Total monthly income runs $1,496/mo, and a $930/mo payment keeps the spread at $82/mo. Purchase price stands at $190,000, and rental yield measures 9.45% with $1,496/mo rent. Return on cash invested shows 21.48% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 112.96% and total cumulative return in cash records $71,148. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,496/mo property income covering a $930/mo payment rather than investor’s personal income.
Single Family
Built in 1966
1.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79556, Sweetwater, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,129 (100%) |
| Owner Occupied HU | 3,203 (52.3%) |
| Renter Occupied HU | 1,771 (28.9%) |
| Vacant Housing Units | 1,155 (18.8%) |
| Median Home Value | $115,486 |
| Average Home Value | $163,313 |
Housing Distribution
Address Breakdown
Residential
5,145
Single Family
4,830
Multi-Family
315
Businesses
639
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Listed by: Dustanna Spencer • Hunter Ranch and Realty
Mls Name: Nolan County BOR
Mls ID: #5066
Disclaimer: Copyright Nolan County Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.