716 N 8th 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 716 N 8th St, Wolfforth, TX, 79382 offers a 9.28% rental yield on a $419,000 purchase with $3,240/mo rent. Total monthly income registers $3,240/mo, and a $2,051/mo payment leaves $45/mo available for distribution. Annual cash flow reaches $537/yr on $138,899 to close, and return on cash invested stands at 20.3% in year one. Equity gained on principal adds $2,704/yr while 5% annual appreciation supports $115,762 over five years. Portfolio math shows five-year ROI at 106.8% and total cumulative return in cash at $148,337. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,240/mo property income against a $2,051/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2018
7,840 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: Jeff Robillard • Newfound Real Estate, LLC
Mls Name: LBMLS
Mls Provider:
Mls ID: #202552199
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.