111 Devonshire DrWichita FallsTX76302
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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 Wichita Falls at 111 Devonshire Dr, Wichita Falls, TX, 76302 offers $1,128/mo rent that, after a $734/mo payment, leaves $62/mo cash flow. Total monthly income is $1,128/mo, and annual cash flow is $741/yr on $49,692 cash. Return on cash invested measures 21.4% in year one, and rental yield stands at 9.03% at a $149,900 entry. Equity gained on principal adds $967/yr while 5% annual appreciation compounds into $41,415 by year five. Five-year ROI records 112.05% and total cumulative return in cash reaches $55,679. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,128/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
N/A lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Alicia Crouch • River's Edge Realty Group
Mls Name: WFAR
Mls Provider:
Mls ID: #175639
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