413 Cedar 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
Rental property for sale in Wolfforth at 413 Cedar St, Wolfforth, TX, 79382 priced at $314,000 converts $1,980/mo rent into after a $1,537/mo obligation. Total monthly income equals $1,980/mo. Return on cash invested prints 16.99% in year one, and rental yield reads 7.57% against a $314,000 entry. Equity gained on principal adds $2,026/yr, while 5% annual appreciation compiles into $86,752 by year five. Five-year ROI reaches 88.39% and total cumulative return in cash sums $92,007. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,980/mo property income covering a $1,537/mo payment, not borrower’s personal income.
Multi Family
Built in 2022
5,749 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: Nate Tauferner • Better Homes and Gardens
Mls Name: LBMLS
Mls Provider:
Mls ID: #202416734
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.