302 N 1st StWylieTX75098
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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 Wylie at 302 N 1st St, Wylie, TX, 75098 offers $1,481/mo rent that, after a $952/mo payment, leaves $43/mo cash flow. Total monthly income is $1,481/mo, and annual cash flow is $519/yr on $64,477 cash. Return on cash invested measures 20.71% in year one, and rental yield stands at 9.14% at a $194,500 entry. Equity gained on principal adds $1,255/yr while 5% annual appreciation compounds into $53,737 by year five. Five-year ROI records 108.78% and total cumulative return in cash reaches $70,137. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,481/mo property income versus a $952/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
6,272 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75098, Wylie, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,342 (100%) |
| Owner Occupied HU | 20,222 (79.8%) |
| Renter Occupied HU | 4,520 (17.8%) |
| Vacant Housing Units | 600 ( 2.4%) |
| Median Home Value | $465,315 |
| Average Home Value | $527,786 |
Housing Distribution
Address Breakdown
Residential
24,598
Single Family
21,952
Multi-Family
2,646
Businesses
1,460
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Listed by: Michael Schmitt • White Rock Lake Real Estate
Mls Name: NTREIS
Mls ID: #20940939
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.