307 E 17th StWolfforthTX79382
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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 307 E 17th St, Wolfforth, TX, 79382 uses $49,559 cash to close to unlock $689/yr annual cash flow and $57/mo monthly cash flow. Total monthly income runs $1,175/mo, and a $732/mo payment keeps the spread at $57/mo. Purchase price stands at $149,500, and rental yield measures 9.43% with $1,175/mo rent. Return on cash invested shows 21.3% in year one, and 5% annual appreciation builds toward $41,304 over five years. Five-year ROI reaches 112.05% and total cumulative return in cash records $55,529. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,175/mo property income covering a $732/mo payment rather than investor’s personal income.
Single Family
Built in 1982
7,405 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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Listed by: Amanda Martin • Platinum West Realty
Mls Name: LBMLS
Mls Provider:
Mls ID: #202551657
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.