615 NW 8th PlAndrewsTX79714
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
Rental property for sale in Andrews at 615 NW 8th Pl, Andrews, TX, 79714 offers $1,040/mo rent that, after a $604/mo payment, leaves $162/mo cash flow. Total monthly income is $1,040/mo, and annual cash flow is $1,947/yr on $40,940 cash. Return on cash invested measures 24.66% in year one, and rental yield stands at 10.11% at a $123,500 entry. Equity gained on principal adds $797/yr while 5% annual appreciation compounds into $34,121 by year five. Five-year ROI records 129.62% and total cumulative return in cash reaches $53,066. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,040/mo property income versus a $604/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79714, Andrews, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,273 (100%) |
| Owner Occupied HU | 4,822 (66.3%) |
| Renter Occupied HU | 1,690 (23.2%) |
| Vacant Housing Units | 761 (10.5%) |
| Median Home Value | $230,372 |
| Average Home Value | $261,570 |
Housing Distribution
Address Breakdown
Residential
6,262
Single Family
6,095
Multi-Family
167
Businesses
767
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Daniel Lujan • Beyond Realty, LLC
Mls Name: Odessa BOR
Mls Provider:
Mls ID: #157046
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.