802 13th StShallowaterTX79363
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
Investment Highlights
Rental property for sale in Shallowater at 802 13th St, Shallowater, TX, 79363 offers $892/mo rent that, after a $560/mo payment, leaves $65/mo cash flow. Total monthly income is $892/mo, and annual cash flow is $774/yr on $37,957 cash. Return on cash invested measures 21.95% in year one, and rental yield stands at 9.35% at a $114,500 entry. Equity gained on principal adds $739/yr while 5% annual appreciation compounds into $31,634 by year five. Five-year ROI records 115.23% and total cumulative return in cash reaches $43,736. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $892/mo property income versus a $560/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79363, Shallowater, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,492 (100%) |
| Owner Occupied HU | 1,816 (72.9%) |
| Renter Occupied HU | 513 (20.6%) |
| Vacant Housing Units | 163 ( 6.5%) |
| Median Home Value | $276,884 |
| Average Home Value | $310,461 |
Housing Distribution
Address Breakdown
Residential
2,326
Single Family
2,326
Multi-Family
0
Businesses
143
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Listed by: Wendy Jones • Keller Williams Realty
Mls Name: LBMLS
Mls Provider:
Mls ID: #202411486
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.