987 E 16th StColorado CityTX79512
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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 Colorado City at 987 E 16th St, Colorado City, TX, 79512 offers a 7.48% rental yield on a $130,000 purchase with $810/mo rent. 73% in year one. Equity gained on principal adds $839/yr while 5% annual appreciation supports $35,917 over five years. Portfolio math shows five-year ROI at 87% and total cumulative return in cash at $37,491. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $810/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79512, Colorado City, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,090 (100%) |
| Owner Occupied HU | 1,639 (53.0%) |
| Renter Occupied HU | 678 (21.9%) |
| Vacant Housing Units | 773 (25.0%) |
| Median Home Value | $93,548 |
| Average Home Value | $164,599 |
Housing Distribution
Address Breakdown
Residential
2,490
Single Family
2,490
Multi-Family
0
Businesses
293
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Listed by: Ashley Wulfjen • Hunter Ranch & Realty
Mls Name: PBBR
Mls Provider:
Mls ID: #50079110
Disclaimer: All information provided is deemed reliable but is not guaranteed and should be independently verified.