303 Steck AveWolfforthTX79382
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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 Wolfforth at 303 Steck Ave, Wolfforth, TX, 79382 offers a 15.18% rental yield on a $106,800 purchase with $1,351/mo rent. Total monthly income registers $1,351/mo, and a $523/mo payment leaves $591/mo available for distribution. Annual cash flow reaches $7,095/yr on $35,404 to close, and return on cash invested stands at 39.95% in year one. Equity gained on principal adds $689/yr while 5% annual appreciation supports $29,507 over five years. Portfolio math shows five-year ROI at 211.61% and total cumulative return in cash at $74,919. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,351/mo property income against a $523/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1927
5,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79382, Wolfforth, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,995 (100%) |
| Owner Occupied HU | 2,939 (73.6%) |
| Renter Occupied HU | 757 (18.9%) |
| Vacant Housing Units | 299 ( 7.5%) |
| Median Home Value | $271,023 |
| Average Home Value | $349,056 |
Housing Distribution
Address Breakdown
Residential
4,135
Single Family
3,944
Multi-Family
191
Businesses
396
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