408 Wendy StLindaleTX75771
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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 Lindale at 408 Wendy St, Lindale, TX, 75771 uses $79,229 cash to close to unlock $2,931/yr annual cash flow and $244/mo monthly cash flow. Total monthly income runs $1,944/mo, and a $1,170/mo payment keeps the spread at $244/mo. Purchase price stands at $239,000, and rental yield measures 9.76% with $1,944/mo rent. Return on cash invested shows 23.61% in year one, and 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 123.93% and total cumulative return in cash records $98,184. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,944/mo property income covering a $1,170/mo payment rather than investor’s personal income.
Single Family
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75771, Lindale, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,663 (100%) |
| Owner Occupied HU | 6,977 (72.2%) |
| Renter Occupied HU | 1,892 (19.6%) |
| Vacant Housing Units | 794 ( 8.2%) |
| Median Home Value | $310,875 |
| Average Home Value | $374,508 |
Housing Distribution
Address Breakdown
Residential
9,549
Single Family
9,446
Multi-Family
103
Businesses
653
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