616 E 31st StWolfforthTX79382
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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 Wolfforth at 616 E 31st St, Wolfforth, TX, 79382 with 5% annual appreciation on a $211,000 basis while $3,079/mo rent supports operations. Total monthly income totals $3,079/mo and a $1,033/mo payment preserves $1,578/mo for cash returns. Annual cash flow comes to $18,939/yr on $69,947 deployed, and return on cash invested reaches 46.99% in year one. Equity gained on principal adds $1,362/yr, and five-year appreciation sums $58,295 alongside rental yield of 17.51%. Five-year ROI measures 249.3% and total cumulative return in cash totals $174,377.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,079/mo property income versus a $1,033/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
5,174 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
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Listed by: Hillary Martin • Southern Magnolia Real Estate
Mls Name: LBMLS
Mls Provider:
Mls ID: #202412346
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.