1536 Melody LnWichita FallsTX76302
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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
Rental property for sale in Wichita Falls at 1536 Melody Ln, Wichita Falls, TX, 76302 priced at $239,900 converts $1,868/mo rent into $162/mo cash flow after a $1,174/mo obligation. Total monthly income equals $1,868/mo, and annual cash flow totals $1,947/yr on $79,527 invested. Return on cash invested prints 22.36% in year one, and rental yield reads 9.34% against a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation compiles into $66,280 by year five. Five-year ROI reaches 117.22% and total cumulative return in cash sums $93,223. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,868/mo property income covering a $1,174/mo payment, not borrower’s personal income.
Single Family
Built in 1962
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Summer Dewitt Mills • Assent Real Estate Inc
Mls Name: WFAR
Mls Provider:
Mls ID: #177569
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