108 N Canadian 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 108 N Canadian St, Wheeler, TX, 79096 priced at $124,900 converts $984/mo rent into $96/mo cash flow after a $611/mo obligation. Total monthly income equals $984/mo, and annual cash flow totals $1,154/yr on $41,404 invested. Return on cash invested prints 22.7% in year one, and rental yield reads 9.45% against a $124,900 entry. Equity gained on principal adds $806/yr, while 5% annual appreciation compiles into $34,508 by year five. Five-year ROI reaches 119.08% and total cumulative return in cash sums $49,306. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $984/mo property income covering a $611/mo payment, not borrower’s personal income.
Single Family
Built in 2018
0.42 Acres 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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