6899 S Private RdShallowaterTX79363
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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 Shallowater at 6899 S Private Rd, Shallowater, TX, 79363 priced at $222,500 pairs $1,650/mo rent with $68/mo cash flow after a $1,089/mo payment. Total monthly income equals $1,650/mo, and annual cash flow comes to $813/yr on $73,759 invested. Return on cash invested is 21.01% in year one, and rental yield stands at 8.9% on a $222,500 basis. Equity gained on principal adds $1,436/yr, and 5% annual appreciation accumulates to $61,473 by year five. Five-year ROI measures 109.97% and total cumulative return in cash reaches $81,112. For financing, Ziffy Mortgage’s DSCR program evaluates $1,650/mo property income against a $1,089/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1962
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79363, Shallowater, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,492 (100%) |
| Owner Occupied HU | 1,816 (72.9%) |
| Renter Occupied HU | 513 (20.6%) |
| Vacant Housing Units | 163 ( 6.5%) |
| Median Home Value | $276,884 |
| Average Home Value | $310,461 |
Housing Distribution
Address Breakdown
Residential
2,326
Single Family
2,326
Multi-Family
0
Businesses
143
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Listed by: Matt G. Collins • Exit Realty of Lubbock
Mls Name: LBMLS
Mls Provider:
Mls ID: #202414832
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