508 E 23rd 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
Investment property for sale in Wolfforth at 508 E 23rd St, Wolfforth, TX, 79382 uses $61,991 cash to close to unlock $4,206/yr annual cash flow and $350/mo monthly cash flow. Total monthly income runs $1,680/mo, and a $915/mo payment keeps the spread at $350/mo. Purchase price stands at $187,000, and rental yield measures 10.78% with $1,680/mo rent. Return on cash invested shows 26.69% in year one, and 5% annual appreciation builds toward $51,665 over five years. Five-year ROI reaches 140.49% and total cumulative return in cash records $87,090. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,680/mo property income covering a $915/mo payment rather than investor’s personal income.
Single Family
Built in 2025
4,791 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
Listed by: Hillary Martin • Avenue Real Estate
Mls Name: LBMLS
Mls Provider:
Mls ID: #202562887
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.