904 Morse AveStinnettTX79083
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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 Stinnett at 904 Morse Ave, Stinnett, TX, 79083 priced at $195,000 converts $3,086/mo rent into $1,700/mo cash flow after a $954/mo obligation. Total monthly income equals $3,086/mo, and annual cash flow totals $20,397/yr on $64,643 invested. Return on cash invested prints 51.46% in year one, and rental yield reads 18.99% 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 273.27% and total cumulative return in cash sums $176,650. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,086/mo property income covering a $954/mo payment, not borrower’s personal income.
Single Family
Built in 2019
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79083, Stinnett, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 973 (100%) |
| Owner Occupied HU | 643 (66.1%) |
| Renter Occupied HU | 147 (15.1%) |
| Vacant Housing Units | 183 (18.8%) |
| Median Home Value | $93,984 |
| Average Home Value | $121,995 |
Housing Distribution
Address Breakdown
Residential
75
Single Family
75
Multi-Family
0
Businesses
67
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Listed by: Marissa Martinez • Keller Williams Realty Amarillo
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-7759
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.