604 Elgin AveLevellandTX79336
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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
Rental property for sale in Levelland at 604 Elgin Ave, Levelland, TX, 79336 priced at $163,000 pairs $1,579/mo rent with $420/mo cash flow after a $798/mo payment. Total monthly income equals $1,579/mo, and annual cash flow comes to $5,036/yr on $54,035 invested. Return on cash invested is 29.23% in year one, and rental yield stands at 11.62% on a $163,000 basis. Equity gained on principal adds $1,052/yr, and 5% annual appreciation accumulates to $45,034 by year five. Five-year ROI measures 154.05% and total cumulative return in cash reaches $83,239. For financing, Ziffy Mortgage’s DSCR program evaluates $1,579/mo property income against a $798/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1973
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79336, Levelland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,131 (100%) |
| Owner Occupied HU | 4,343 (60.9%) |
| Renter Occupied HU | 1,773 (24.9%) |
| Vacant Housing Units | 1,015 (14.2%) |
| Median Home Value | $147,185 |
| Average Home Value | $220,218 |
Housing Distribution
Address Breakdown
Residential
6,490
Single Family
6,371
Multi-Family
119
Businesses
643
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