804 Avenue SShallowaterTX79363
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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 Shallowater at 804 Avenue S, Shallowater, TX, 79363 priced at $275,000 converts $2,121/mo rent into $140/mo cash flow after a $1,346/mo obligation. Total monthly income equals $2,121/mo, and annual cash flow totals $1,674/yr on $91,163 invested. Return on cash invested prints 21.75% in year one, and rental yield reads 9.26% against a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation compiles into $75,977 by year five. Five-year ROI reaches 114.05% and total cumulative return in cash sums $103,967. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,121/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Single Family
Built in 2007
6,969 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: Denisha Schmucker • Keller Williams Realty
Mls Name: LBMLS
Mls Provider:
Mls ID: #202554772
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.