142 Corley CirWake VillageTX75501
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Wake Village at 142 Corley Cir, Wake Village, TX, 75501 uses $105,749 cash to close to unlock $2,746/yr annual cash flow and $229/mo monthly cash flow. Total monthly income runs $2,556/mo, and a $1,561/mo payment keeps the spread at $229/mo. Purchase price stands at $319,000, and rental yield measures 9.62% with $2,556/mo rent. Return on cash invested shows 22.51% in year one, and 5% annual appreciation builds toward $88,134 over five years. Five-year ROI reaches 118.21% and total cumulative return in cash records $125,005. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,556/mo property income covering a $1,561/mo payment rather than investor’s personal income.
Single Family
Built in 2005
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75501, Texarkana, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,734 (100%) |
| Owner Occupied HU | 8,081 (51.4%) |
| Renter Occupied HU | 6,091 (38.7%) |
| Vacant Housing Units | 1,562 ( 9.9%) |
| Median Home Value | $171,459 |
| Average Home Value | $217,741 |
Housing Distribution
Address Breakdown
Residential
15,400
Single Family
13,638
Multi-Family
1,762
Businesses
1,259
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Zach Rateliff • Elite Realty Group
Mls Name: TMLS
Mls ID: #117709
Disclaimer: Copyright Texarkana Board of Realtors. Information is deemed reliable but not guaranteed.