204 N Wickham StAlvordTX76225
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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 Alvord at 204 N Wickham St, Alvord, TX, 76225 offers $1,428/mo rent that, after a $881/mo payment, leaves $148/mo cash flow. Total monthly income is $1,428/mo, and annual cash flow is $1,776/yr on $59,670 cash. Return on cash invested measures 22.89% in year one, and rental yield stands at 9.52% at a $180,000 entry. Equity gained on principal adds $1,162/yr while 5% annual appreciation compounds into $49,731 by year five. Five-year ROI records 120.01% and total cumulative return in cash reaches $71,609. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,428/mo property income versus a $881/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2007
8,407 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76225, Alvord, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,754 (100%) |
| Owner Occupied HU | 1,313 (74.9%) |
| Renter Occupied HU | 276 (15.7%) |
| Vacant Housing Units | 165 ( 9.4%) |
| Median Home Value | $374,793 |
| Average Home Value | $524,745 |
Housing Distribution
Address Breakdown
Residential
1,539
Single Family
1,539
Multi-Family
0
Businesses
92
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