513 Wallace StWhitewrightTX75491
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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 Whitewright at 513 Wallace St, Whitewright, TX, 75491 listed at $415,000 pairs $3,245/mo rent with a $2,031/mo payment to leave $294/mo cash flow. Total monthly income runs $3,245/mo, and annual cash flow reaches $3,529/yr on $137,573 cash to close. Return on cash invested measures 22.47% in year one, and rental yield registers 9.38% at a $415,000 basis. Equity gained on principal adds $2,678/yr, and annual property appreciation at 5% supports $114,657 by year five. Five-year ROI tracks 117.84% and total cumulative return in cash totals $162,117. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,245/mo property income relative to a $2,031/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2000
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75491, Whitewright, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,574 (100%) |
| Owner Occupied HU | 1,894 (73.6%) |
| Renter Occupied HU | 478 (18.6%) |
| Vacant Housing Units | 202 ( 7.8%) |
| Median Home Value | $307,349 |
| Average Home Value | $366,795 |
Housing Distribution
Address Breakdown
Residential
2,223
Single Family
2,183
Multi-Family
40
Businesses
99
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Listed by: Debbie Ritchie • Debbie Ritchie Real Estate, LLC
Mls Name: NTREIS
Mls ID: #21068356
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.