702 W 1st StBishopTX78343
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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 Bishop at 702 W 1st St, Bishop, TX, 78343 with 5% annual appreciation on a $224,000 basis while $1,901/mo rent supports operations. Total monthly income totals $1,901/mo and a $1,096/mo payment preserves $308/mo for cash returns. Annual cash flow comes to $3,702/yr on $74,256 deployed, and return on cash invested reaches 24.89% in year one. Equity gained on principal adds $1,445/yr, and five-year appreciation sums $61,887 alongside rental yield of 10.18%. Five-year ROI measures 130.81% and total cumulative return in cash totals $97,135.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,901/mo property income versus a $1,096/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2022
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78343, Bishop, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,903 (100%) |
| Owner Occupied HU | 1,202 (63.2%) |
| Renter Occupied HU | 417 (21.9%) |
| Vacant Housing Units | 284 (14.9%) |
| Median Home Value | $162,143 |
| Average Home Value | $204,020 |
Housing Distribution
Address Breakdown
Residential
1,595
Single Family
1,555
Multi-Family
40
Businesses
98
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