453 Wiggins RdKarnackTX75661
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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 Karnack at 453 Wiggins Rd, Karnack, TX, 75661 offers a 7.78% rental yield on a $425,000 purchase with $2,756/mo rent. 64% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 91.89% and total cumulative return in cash at $129,461. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,756/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
3.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75661, Karnack, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,610 (100%) |
| Owner Occupied HU | 964 (59.9%) |
| Renter Occupied HU | 166 (10.3%) |
| Vacant Housing Units | 480 (29.8%) |
| Median Home Value | $234,167 |
| Average Home Value | $316,465 |
Housing Distribution
Address Breakdown
Residential
1,295
Single Family
1,270
Multi-Family
25
Businesses
57
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