804 2nd StPlainsTX79355
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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
Investment property for sale in Plains at 804 2nd St, Plains, TX, 79355 offers a 8.56% rental yield on a $210,000 purchase with $1,498/mo rent. Total monthly income registers $1,498/mo, and a $1,028/mo payment leaves $5/mo available for distribution. Annual cash flow reaches $54/yr on $69,615 to close, and return on cash invested stands at 19.99% in year one. Equity gained on principal adds $1,355/yr while 5% annual appreciation supports $58,019 over five years. Portfolio math shows five-year ROI at 104.5% and total cumulative return in cash at $72,748. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,498/mo property income against a $1,028/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79355, Plains, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 760 (100%) |
| Owner Occupied HU | 508 (66.8%) |
| Renter Occupied HU | 140 (18.4%) |
| Vacant Housing Units | 112 (14.7%) |
| Median Home Value | $164,931 |
| Average Home Value | $180,039 |
Housing Distribution
Address Breakdown
Residential
69
Single Family
69
Multi-Family
0
Businesses
81
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