704 S Ave SLamesaTX79331
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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 Lamesa at 704 S Ave S, Lamesa, TX, 79331 earns from $676/mo rent with a $778/mo payment. Total monthly income totals $676/mo. ROI tracks 9.56% on current figures, and rental yield reads 5.1% at a $159,000 purchase. Equity gained on principal adds $1,026/yr, and 5% annual appreciation supports $43,929 over five years. Five-year ROI reaches 48.61% and total cumulative return in cash sums $25,620. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $676/mo property income instead of your personal income.
Single Family
Built in 1978
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79331, Lamesa, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,451 (100%) |
| Owner Occupied HU | 2,678 (60.2%) |
| Renter Occupied HU | 1,024 (23.0%) |
| Vacant Housing Units | 749 (16.8%) |
| Median Home Value | $115,729 |
| Average Home Value | $216,196 |
Housing Distribution
Address Breakdown
Residential
4,305
Single Family
4,158
Multi-Family
147
Businesses
480
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