305 Phillips CirWake 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
Rental property for sale in Wake Village at 305 Phillips Cir, Wake Village, TX, 75501 offers $2,195/mo rent that, after a $1,115/mo payment, leaves $575/mo cash flow. Total monthly income is $2,195/mo, and annual cash flow is $6,901/yr on $75,516 cash. Return on cash invested measures 29.05% in year one, and rental yield stands at 11.56% at a $227,800 entry. Equity gained on principal adds $1,470/yr while 5% annual appreciation compounds into $62,937 by year five. Five-year ROI records 153.12% and total cumulative return in cash reaches $115,632. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,195/mo property income versus a $1,115/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
0.37 Acres 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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