1532 Melody LnWichita FallsTX76302
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Wichita Falls at 1532 Melody Ln, Wichita Falls, TX, 76302 offers a 9.16% rental yield on a $179,500 purchase with $1,370/mo rent. Total monthly income registers $1,370/mo, and a $879/mo payment leaves $93/mo available for distribution. Annual cash flow reaches $1,117/yr on $59,504 to close, and return on cash invested stands at 21.79% in year one. Equity gained on principal adds $1,158/yr while 5% annual appreciation supports $49,593 over five years. Portfolio math shows five-year ROI at 114.21% and total cumulative return in cash at $67,960. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,370/mo property income against a $879/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lee Bybee • Hirschi Realtors
Mls Name: WFAR
Mls Provider:
Mls ID: #177897
Disclaimer: The data relating to real estate for sale on this website comes in part from the Wichita Falls Association of REALTORS Multiple Listing Service. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the IDX logo and detailed information about them includes the name of the listing Participant and listing agent(s). All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s), Zillow, Inc nor Wichita Falls Association of REALTORS Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Copyright 2025, the Wichita Falls Association of REALTORS Multiple Listing Service, all rights reserved.