705 2nd StPlainsTX79355
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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 Plains at 705 2nd St, Plains, TX, 79355 with 5% annual appreciation on a $185,000 basis while $1,482/mo rent supports operations. Total monthly income totals $1,482/mo and a $905/mo payment preserves $167/mo for cash returns. Annual cash flow comes to $2,003/yr on $61,328 deployed, and return on cash invested reaches 23.17% in year one. Equity gained on principal adds $1,194/yr, and five-year appreciation sums $51,112 alongside rental yield of 9.61%. Five-year ROI measures 121.57% and total cumulative return in cash totals $74,559.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,482/mo property income versus a $905/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1958
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79355, Plains, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 760 (100%) |
| Owner Occupied HU | 508 (66.8%) |
| Renter Occupied HU | 140 (18.4%) |
| Vacant Housing Units | 112 (14.7%) |
| Median Home Value | $164,931 |
| Average Home Value | $180,039 |
Housing Distribution
Address Breakdown
Residential
69
Single Family
69
Multi-Family
0
Businesses
81
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Listed by: Hillary Hunt • Hunt Realty
Mls Name: LBMLS
Mls Provider:
Mls ID: #202551598
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.