860 Spruce AveCushingTX75760
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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
Investment property for sale in Cushing at 860 Spruce Ave, Cushing, TX, 75760 with 5% annual appreciation on a $100,000 basis while $1,754/mo rent supports operations. Total monthly income totals $1,754/mo and a $489/mo payment preserves $1,043/mo for cash returns. Annual cash flow comes to $12,520/yr on $33,150 deployed, and return on cash invested reaches 57.68% in year one. Equity gained on principal adds $645/yr, and five-year appreciation sums $27,628 alongside rental yield of 21.05%. Five-year ROI measures 306.69% and total cumulative return in cash totals $101,668.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,754/mo property income versus a $489/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75760, Cushing, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,392 (100%) |
| Owner Occupied HU | 946 (68.0%) |
| Renter Occupied HU | 200 (14.4%) |
| Vacant Housing Units | 246 (17.7%) |
| Median Home Value | $147,005 |
| Average Home Value | $204,334 |
Housing Distribution
Address Breakdown
Residential
1,109
Single Family
1,109
Multi-Family
0
Businesses
52
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