228 E Greenfield DrWake 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
Investment property for sale in Wake Village at 228 E Greenfield Dr, Wake Village, TX, 75501 uses $78,996 cash to close to unlock $2,289/yr annual cash flow and $191/mo monthly cash flow. Total monthly income runs $1,885/mo, and a $1,166/mo payment keeps the spread at $191/mo. Purchase price stands at $238,300, and rental yield measures 9.49% with $1,885/mo rent. Return on cash invested shows 22.81% in year one, and 5% annual appreciation builds toward $65,838 over five years. Five-year ROI reaches 119.59% and total cumulative return in cash records $94,473. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,885/mo property income covering a $1,166/mo payment rather than investor’s personal income.
Single Family
Built in N/A
10,018 sqft 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: N/A • N/A
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