507 Charlotte AveBurkburnettTX76354
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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 Burkburnett at 507 Charlotte Ave, Burkburnett, TX, 76354 priced at $244,900 converts $2,078/mo rent into $336/mo cash flow after a $1,199/mo obligation. Total monthly income equals $2,078/mo, and annual cash flow totals $4,034/yr on $81,184 invested. Return on cash invested prints 24.88% in year one, and rental yield reads 10.18% against a $244,900 entry. Equity gained on principal adds $1,580/yr, while 5% annual appreciation compiles into $67,661 by year five. Five-year ROI reaches 130.76% and total cumulative return in cash sums $106,157. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,078/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Single Family
Built in 1993
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76354, Burkburnett, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,943 (100%) |
| Owner Occupied HU | 3,095 (62.6%) |
| Renter Occupied HU | 1,444 (29.2%) |
| Vacant Housing Units | 404 ( 8.2%) |
| Median Home Value | $210,141 |
| Average Home Value | $238,553 |
Housing Distribution
Address Breakdown
Residential
4,783
Single Family
4,554
Multi-Family
229
Businesses
297
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Listed by: TANYA RUFF • Hirschi Realtors
Mls Name: WFAR
Mls ID: #180523