1037 Wilkes CirSmithvilleTX78957
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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 Smithville at 1037 Wilkes Cir, Smithville, TX, 78957 generates $1,920/mo in rent, after a $1,659/mo payment. Total monthly income is $1,920/mo. Return on cash invested sits at 14.67% in year one, and rental yield is 6.8% on a $339,000 entry. Equity gained on principal adds $2,188/yr, while 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 75.98% and total cumulative return in cash sums $85,384. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,920/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
7,126 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78957, Smithville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,292 (100%) |
| Owner Occupied HU | 3,461 (65.4%) |
| Renter Occupied HU | 1,103 (20.8%) |
| Vacant Housing Units | 728 (13.8%) |
| Median Home Value | $324,812 |
| Average Home Value | $406,026 |
Housing Distribution
Address Breakdown
Residential
4,275
Single Family
4,233
Multi-Family
42
Businesses
344
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Listed by: Jennifer Long • RE/MAX Bastrop Area
Mls Name: Unlock MLS
Mls ID: #6865660