1002 S Main StWheelerTX79096
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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 Wheeler at 1002 S Main St, Wheeler, TX, 79096 priced at $100,000 converts $1,236/mo rent into $525/mo cash flow after a $489/mo obligation. Total monthly income equals $1,236/mo, and annual cash flow totals $6,304/yr on $33,150 invested. Return on cash invested prints 38.93% in year one, and rental yield reads 14.83% against a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation compiles into $27,628 by year five. Five-year ROI reaches 206.09% and total cumulative return in cash sums $68,320. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,236/mo property income covering a $489/mo payment, not borrower’s personal income.
Single Family
Built in 1957
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79096, Wheeler, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 910 (100%) |
| Owner Occupied HU | 548 (60.2%) |
| Renter Occupied HU | 190 (20.9%) |
| Vacant Housing Units | 172 (18.9%) |
| Median Home Value | $166,447 |
| Average Home Value | $273,006 |
Housing Distribution
Address Breakdown
Residential
222
Single Family
222
Multi-Family
0
Businesses
108
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Listed by: Katty Woollard • RiverCrest Realty
Mls Name: AMMLS
Mls Provider:
Mls ID: #25-5833
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.