808 S Avenue KLamesaTX79331
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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 Lamesa at 808 S Avenue K, Lamesa, TX, 79331 priced at $105,100 converts $1,831/mo rent into $1,084/mo cash flow after a $514/mo obligation. Total monthly income equals $1,831/mo, and annual cash flow totals $13,008/yr on $34,841 invested. Return on cash invested prints 57.25% in year one, and rental yield reads 20.91% against a $105,100 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation compiles into $29,037 by year five. Five-year ROI reaches 304.39% and total cumulative return in cash sums $106,053. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,831/mo property income covering a $514/mo payment, not borrower’s personal income.
Single Family
Built in 1974
0.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79331, Lamesa, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,451 (100%) |
| Owner Occupied HU | 2,678 (60.2%) |
| Renter Occupied HU | 1,024 (23.0%) |
| Vacant Housing Units | 749 (16.8%) |
| Median Home Value | $115,729 |
| Average Home Value | $216,196 |
Housing Distribution
Address Breakdown
Residential
4,305
Single Family
4,158
Multi-Family
147
Businesses
480
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