707 E Tate StBrownfieldTX79316
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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 Brownfield at 707 E Tate St, Brownfield, TX, 79316 listed at $145,000 pairs $1,156/mo rent with a $710/mo payment to leave $125/mo cash flow. Total monthly income runs $1,156/mo, and annual cash flow reaches $1,495/yr on $48,068 cash to close. Return on cash invested measures 23.02% in year one, and rental yield registers 9.57% at a $145,000 basis. Equity gained on principal adds $936/yr, and annual property appreciation at 5% supports $40,061 by year five. Five-year ROI tracks 120.77% and total cumulative return in cash totals $58,052. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,156/mo property income relative to a $710/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1954
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79316, Brownfield, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,297 (100%) |
| Owner Occupied HU | 2,421 (56.3%) |
| Renter Occupied HU | 1,153 (26.8%) |
| Vacant Housing Units | 723 (16.8%) |
| Median Home Value | $114,933 |
| Average Home Value | $142,074 |
Housing Distribution
Address Breakdown
Residential
3,805
Single Family
3,610
Multi-Family
195
Businesses
440
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Listed by: Beth Collier • Magnolia Road RealtyBrownfield
Mls Name: LBMLS
Mls ID: #202561214