624 Tulane AveBig SpringTX79720
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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 Big Spring at 624 Tulane Ave, Big Spring, TX, 79720 offers a 11.45% rental yield on a $262,500 purchase with $2,504/mo rent. Total monthly income registers $2,504/mo, and a $1,285/mo payment leaves $637/mo available for distribution. Annual cash flow reaches $7,645/yr on $87,019 to close, and return on cash invested stands at 28.69% in year one. Equity gained on principal adds $1,694/yr while 5% annual appreciation supports $72,524 over five years. Portfolio math shows five-year ROI at 151.21% and total cumulative return in cash at $131,578. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,504/mo property income against a $1,285/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79720, Big Spring, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,228 (100%) |
| Owner Occupied HU | 7,149 (54.0%) |
| Renter Occupied HU | 3,742 (28.3%) |
| Vacant Housing Units | 2,337 (17.7%) |
| Median Home Value | $174,982 |
| Average Home Value | $206,924 |
Housing Distribution
Address Breakdown
Residential
12,084
Single Family
11,309
Multi-Family
775
Businesses
904
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Listed by: Sawyer Stallings • Exit Realty of Lubbock
Mls Name: LBMLS
Mls Provider:
Mls ID: #202553092
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.