802 Oakland StPlainviewTX79072
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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 Plainview at 802 Oakland St, Plainview, TX, 79072 priced at $240,000 converts $918/mo rent into after a $1,175/mo obligation. Total monthly income equals $918/mo. Return on cash invested prints 8.01% in year one, and rental yield reads 4.59% against a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation compiles into $66,308 by year five. Five-year ROI reaches 40.21% and total cumulative return in cash sums $31,994. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $918/mo property income covering a $1,175/mo payment, not borrower’s personal income.
Multi Family
Built in 1963
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79072, Plainview, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,330 (100%) |
| Owner Occupied HU | 5,531 (53.5%) |
| Renter Occupied HU | 3,249 (31.5%) |
| Vacant Housing Units | 1,550 (15.0%) |
| Median Home Value | $127,117 |
| Average Home Value | $173,343 |
Housing Distribution
Address Breakdown
Residential
8,773
Single Family
8,193
Multi-Family
580
Businesses
777
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Listed by: Debbi Wilkins • Roberts & Wilkins, REALTORS
Mls Name: Plainview AOR
Mls Provider:
Mls ID: #24-217
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.