620 S Endicott 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 620 S Endicott St, Spearman, TX, 79081 priced at $220,000 converts $2,797/mo rent into $1,232/mo cash flow after a $1,077/mo obligation. Total monthly income equals $2,797/mo, and annual cash flow totals $14,788/yr on $72,930 invested. Return on cash invested prints 40.19% in year one, and rental yield reads 15.26% against a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation compiles into $60,782 by year five. Five-year ROI reaches 212.83% and total cumulative return in cash sums $155,219. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,797/mo property income covering a $1,077/mo payment, not borrower’s personal income.
Single Family
Built in 1956
10,454 sqft 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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Listed by: Julie Martin • Martin & Associates Realty
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-5032
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.