617 Haney StSpearmanTX79081
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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 Spearman at 617 Haney St, Spearman, TX, 79081 priced at $185,000 converts $1,462/mo rent into $147/mo cash flow after a $905/mo obligation. Total monthly income equals $1,462/mo, and annual cash flow totals $1,763/yr on $61,328 invested. Return on cash invested prints 22.78% in year one, and rental yield reads 9.48% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 119.46% and total cumulative return in cash sums $73,263. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,462/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79081, Spearman, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,546 (100%) |
| Owner Occupied HU | 979 (63.3%) |
| Renter Occupied HU | 302 (19.5%) |
| Vacant Housing Units | 265 (17.1%) |
| Median Home Value | $122,943 |
| Average Home Value | $183,573 |
Housing Distribution
Address Breakdown
Residential
1,235
Single Family
1,235
Multi-Family
0
Businesses
201
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