2602 Wandering Oak DrCorinthTX76208
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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 Corinth at 2602 Wandering Oak Dr, Corinth, TX, 76208 listed at $450,000 pairs $3,482/mo rent with a $2,203/mo payment to leave $282/mo cash flow. Total monthly income runs $3,482/mo, and annual cash flow reaches $3,378/yr on $149,175 cash to close. Return on cash invested measures 22.17% in year one, and rental yield registers 9.29% at a $450,000 basis. Equity gained on principal adds $2,904/yr, and annual property appreciation at 5% supports $124,327 by year five. Five-year ROI tracks 116.21% and total cumulative return in cash totals $173,358. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,482/mo property income relative to a $2,203/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1997
6,882 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76208, Denton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,586 (100%) |
| Owner Occupied HU | 6,807 (54.1%) |
| Renter Occupied HU | 4,966 (39.5%) |
| Vacant Housing Units | 813 ( 6.5%) |
| Median Home Value | $443,003 |
| Average Home Value | $507,298 |
Housing Distribution
Address Breakdown
Residential
11,447
Single Family
8,219
Multi-Family
3,228
Businesses
413
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Listed by: Michael Osborne • KELLER WILLIAMS REALTY
Mls Name: NTREIS
Mls ID: #20963330
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.