720 S 23rd StSlatonTX79364
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingReliable and efficiently structured, 720 S 23rd St, Slaton, TX, 79364 in Slaton is a conservative rental investment at $174,500. Rental yield 6.9%. A 1.44 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $48,211; $1,607/yr in principal paydown supplements. Total projected return: $59,953.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 6.9% | 6.2% |
| Monthly Cash Flow | $(268) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,133 |
| Total Monthly Debt Service | $1,171 |
| DSCR Ratio | 0.97x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1974
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79364, Slaton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,640 (100%) |
| Owner Occupied HU | 2,230 (61.3%) |
| Renter Occupied HU | 900 (24.7%) |
| Vacant Housing Units | 510 (14.0%) |
| Median Home Value | $135,673 |
| Average Home Value | $193,703 |
Housing Distribution
Address Breakdown
Residential
3,164
Single Family
2,981
Multi-Family
183
Businesses
237
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1974
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79364, Slaton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,640 (100%) |
| Owner Occupied HU | 2,230 (61.3%) |
| Renter Occupied HU | 900 (24.7%) |
| Vacant Housing Units | 510 (14.0%) |
| Median Home Value | $135,673 |
| Average Home Value | $193,703 |
Housing Distribution
Address Breakdown
Residential
3,164
Single Family
2,981
Multi-Family
183
Businesses
237
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices