206 Redwater RdWake VillageTX75501
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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 Wake Village at 206 Redwater Rd, Wake Village, TX, 75501 priced at $345,000 converts $2,220/mo rent into after a $1,689/mo obligation. Total monthly income equals $2,220/mo. Return on cash invested prints 17.46% in year one, and rental yield reads 7.72% against a $345,000 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation compiles into $95,317 by year five. Five-year ROI reaches 90.93% and total cumulative return in cash sums $103,996. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,220/mo property income covering a $1,689/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.60 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
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Listed by: Steve Koleno • Beycome Brokerage Realty LLC
Mls Name: NTREIS
Mls ID: #21091019