1217 Wallace LnSan AngeloTX76905
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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 San Angelo at 1217 Wallace Ln, San Angelo, TX, 76905 priced at $248,500 converts $1,740/mo rent into after a $1,216/mo obligation. Total monthly income equals $1,740/mo. Return on cash invested prints 19.52% in year one, and rental yield reads 8.4% against a $248,500 entry. Equity gained on principal adds $1,604/yr, while 5% annual appreciation compiles into $68,656 by year five. Five-year ROI reaches 102.01% and total cumulative return in cash sums $84,031. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,740/mo property income covering a $1,216/mo payment, not borrower’s personal income.
Single Family
Built in 2008
6,490 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76905, San Angelo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,189 (100%) |
| Owner Occupied HU | 3,238 (62.4%) |
| Renter Occupied HU | 1,458 (28.1%) |
| Vacant Housing Units | 493 ( 9.5%) |
| Median Home Value | $195,217 |
| Average Home Value | $252,342 |
Housing Distribution
Address Breakdown
Residential
4,963
Single Family
4,432
Multi-Family
531
Businesses
109
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Listed by: Jarvis Letcher • ERA Newlin & Company
Mls Name: San Angelo AOR
Mls Provider:
Mls ID: #120886
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.