607 Groom AvePanhandleTX79068
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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 Panhandle at 607 Groom Ave, Panhandle, TX, 79068 uses $56,322 cash to close to unlock $4,949/yr annual cash flow and $412/mo monthly cash flow. Total monthly income runs $1,621/mo, and a $832/mo payment keeps the spread at $412/mo. Purchase price stands at $169,900, and rental yield measures 11.45% with $1,621/mo rent. Return on cash invested shows 28.7% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 151.21% and total cumulative return in cash records $85,166. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,621/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1983
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79068, Panhandle, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,379 (100%) |
| Owner Occupied HU | 978 (70.9%) |
| Renter Occupied HU | 259 (18.8%) |
| Vacant Housing Units | 142 (10.3%) |
| Median Home Value | $178,728 |
| Average Home Value | $177,689 |
Housing Distribution
Address Breakdown
Residential
213
Single Family
213
Multi-Family
0
Businesses
99
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