613 W Avenue FMuleshoeTX79347
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Muleshoe at 613 W Avenue F, Muleshoe, TX, 79347 uses $46,410 cash to close to unlock $2,192/yr annual cash flow and $183/mo monthly cash flow. Total monthly income runs $1,178/mo, and a $685/mo payment keeps the spread at $183/mo. Purchase price stands at $140,000, and rental yield measures 10.1% with $1,178/mo rent. Return on cash invested shows 24.63% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 129.41% and total cumulative return in cash records $60,058. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,178/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1969
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79347, Muleshoe, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,915 (100%) |
| Owner Occupied HU | 1,647 (56.5%) |
| Renter Occupied HU | 860 (29.5%) |
| Vacant Housing Units | 408 (14.0%) |
| Median Home Value | $117,323 |
| Average Home Value | $192,347 |
Housing Distribution
Address Breakdown
Residential
2,569
Single Family
2,519
Multi-Family
50
Businesses
339
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amanda Martin • Platinum West Realty
Mls Name: LBMLS
Mls Provider:
Mls ID: #202556004
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.