1114 Bishop RdBurkburnettTX76354
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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 Burkburnett at 1114 Bishop Rd, Burkburnett, TX, 76354 generates $1,589/mo in rent and, after a $685/mo payment, leaves $594/mo in cash flow. Total monthly income is $1,589/mo, and annual cash flow is $7,127/yr on $46,377 invested. Return on cash invested sits at 35.28% in year one, and rental yield is 13.63% on a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 186.46% and total cumulative return in cash sums $86,475. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,589/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76354, Burkburnett, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,943 (100%) |
| Owner Occupied HU | 3,095 (62.6%) |
| Renter Occupied HU | 1,444 (29.2%) |
| Vacant Housing Units | 404 ( 8.2%) |
| Median Home Value | $210,141 |
| Average Home Value | $238,553 |
Housing Distribution
Address Breakdown
Residential
4,783
Single Family
4,554
Multi-Family
229
Businesses
297
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Listed by: KARI FOSTER • River's Edge Realty
Mls Name: WFAR
Mls ID: #179844