508 WheelerThree RiversTX78071
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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 Three Rivers at 508 Wheeler, Three Rivers, TX, 78071 generates $944/mo in rent and, after a $612/mo payment, leaves $55/mo in cash flow. Total monthly income is $944/mo, and annual cash flow is $659/yr on $41,438 invested. Return on cash invested sits at 21.5% in year one, and rental yield is 9.06% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 112.58% and total cumulative return in cash sums $46,649. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $944/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
10,497 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78071, Three Rivers, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,721 (100%) |
| Owner Occupied HU | 926 (53.8%) |
| Renter Occupied HU | 311 (18.1%) |
| Vacant Housing Units | 484 (28.1%) |
| Median Home Value | $177,174 |
| Average Home Value | $272,341 |
Housing Distribution
Address Breakdown
Residential
599
Single Family
591
Multi-Family
8
Businesses
168
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Listed by: Richard Dockery • Dockery + Associates
Mls Name: SABOR
Mls Provider:
Mls ID: #1802321
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.