310 E 16th StWolfforthTX79382
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Wolfforth at 310 E 16th St, Wolfforth, TX, 79382 offers $2,844/mo rent that, after a $1,392/mo payment, leaves $821/mo cash flow. Total monthly income is $2,844/mo, and annual cash flow is $9,856/yr on $94,312 cash. Return on cash invested measures 30.36% in year one, and rental yield stands at 12% at a $284,500 entry. Equity gained on principal adds $1,836/yr while 5% annual appreciation compounds into $78,602 by year five. Five-year ROI records 160.13% and total cumulative return in cash reaches $151,025. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,844/mo property income versus a $1,392/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices