815 Cedar StFloydadaTX79235
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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 Floydada at 815 Cedar St, Floydada, TX, 79235 priced at $195,000 converts $1,529/mo rent into $143/mo cash flow after a $954/mo obligation. Total monthly income equals $1,529/mo, and annual cash flow totals $1,713/yr on $64,643 invested. Return on cash invested prints 22.56% in year one, and rental yield reads 9.41% against a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation compiles into $53,875 by year five. Five-year ROI reaches 118.28% and total cumulative return in cash sums $76,462. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,529/mo property income covering a $954/mo payment, not borrower’s personal income.
Single Family
Built in 1964
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79235, Floydada, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,644 (100%) |
| Owner Occupied HU | 956 (58.2%) |
| Renter Occupied HU | 377 (22.9%) |
| Vacant Housing Units | 311 (18.9%) |
| Median Home Value | $102,482 |
| Average Home Value | $116,025 |
Housing Distribution
Address Breakdown
Residential
1,393
Single Family
1,393
Multi-Family
0
Businesses
188
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Listed by: Cinthia Torres • Reside Real Estate Co.
Mls Name: LBMLS
Mls Provider:
Mls ID: #202555244
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.