901 Michigan StPerrytonTX79070
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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 Perryton at 901 Michigan St, Perryton, TX, 79070 uses $67,958 cash to close to unlock $79/yr annual cash flow and $7/mo monthly cash flow. Total monthly income runs $1,464/mo, and a $1,003/mo payment keeps the spread at $7/mo. Purchase price stands at $205,000, and rental yield measures 8.57% with $1,464/mo rent. Return on cash invested shows 20.03% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 104.69% and total cumulative return in cash records $71,142. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,464/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Single Family
Built in 1969
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79070, Perryton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,219 (100%) |
| Owner Occupied HU | 2,591 (61.4%) |
| Renter Occupied HU | 904 (21.4%) |
| Vacant Housing Units | 724 (17.2%) |
| Median Home Value | $152,797 |
| Average Home Value | $197,450 |
Housing Distribution
Address Breakdown
Residential
3,528
Single Family
3,401
Multi-Family
127
Businesses
487
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