97 Wade StNoconaTX76255
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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 Nocona at 97 Wade St, Nocona, TX, 76255 with 5% annual appreciation on a $178,900 basis while $1,364/mo rent supports operations. Total monthly income totals $1,364/mo and a $876/mo payment preserves $91/mo for cash returns. Annual cash flow comes to $1,097/yr on $59,305 deployed, and return on cash invested reaches 21.76% in year one. Equity gained on principal adds $1,154/yr, and five-year appreciation sums $49,427 alongside rental yield of 9.15%. Five-year ROI measures 114.01% and total cumulative return in cash totals $67,615.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,364/mo property income versus a $876/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1984
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76255, Nocona, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,154 (100%) |
| Owner Occupied HU | 1,790 (56.8%) |
| Renter Occupied HU | 631 (20.0%) |
| Vacant Housing Units | 733 (23.2%) |
| Median Home Value | $188,393 |
| Average Home Value | $281,074 |
Housing Distribution
Address Breakdown
Residential
2,483
Single Family
2,483
Multi-Family
0
Businesses
261
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