711 2nd StAbernathyTX79311
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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 Abernathy at 711 2nd St, Abernathy, TX, 79311 generates $1,304/mo in rent and, after a $827/mo payment, leaves $102/mo in cash flow. Total monthly income is $1,304/mo, and annual cash flow is $1,229/yr on $56,024 invested. Return on cash invested sits at 22.1% in year one, and rental yield is 9.26% on a $169,000 entry. Equity gained on principal adds $1,091/yr, while 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 115.87% and total cumulative return in cash sums $64,915. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,304/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79311, Abernathy, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,451 (100%) |
| Owner Occupied HU | 992 (68.4%) |
| Renter Occupied HU | 291 (20.1%) |
| Vacant Housing Units | 168 (11.6%) |
| Median Home Value | $184,596 |
| Average Home Value | $204,052 |
Housing Distribution
Address Breakdown
Residential
1,169
Single Family
1,121
Multi-Family
48
Businesses
108
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Listed by: Nan Riley • RE/MAX Lubbock
Mls Name: LBMLS
Mls Provider:
Mls ID: #202555645
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.