209 Franklin StWheelerTX79096
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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
Investment property for sale in Wheeler at 209 Franklin St, Wheeler, TX, 79096 offers a 15.41% rental yield on a $129,000 purchase with $1,657/mo rent. Total monthly income registers $1,657/mo, and a $631/mo payment leaves $740/mo available for distribution. Annual cash flow reaches $8,881/yr on $42,764 to close, and return on cash invested stands at 40.68% in year one. Equity gained on principal adds $832/yr while 5% annual appreciation supports $35,640 over five years. Portfolio math shows five-year ROI at 215.51% and total cumulative return in cash at $92,161. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,657/mo property income against a $631/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79096, Wheeler, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 910 (100%) |
| Owner Occupied HU | 548 (60.2%) |
| Renter Occupied HU | 190 (20.9%) |
| Vacant Housing Units | 172 (18.9%) |
| Median Home Value | $166,447 |
| Average Home Value | $273,006 |
Housing Distribution
Address Breakdown
Residential
222
Single Family
222
Multi-Family
0
Businesses
108
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Listed by: Katty Woollard • RiverCrest Realty
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-3623
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.