197 Durango TrlWichita FallsTX76310
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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 197 Durango Trl, Wichita Falls, TX, 76310 priced at $489,000 converts $4,752/mo rent into $1,275/mo cash flow after a $2,393/mo obligation. Total monthly income equals $4,752/mo, and annual cash flow totals $15,301/yr on $162,104 invested. Return on cash invested prints 29.35% in year one, and rental yield reads 11.66% against a $489,000 entry. Equity gained on principal adds $3,155/yr, while 5% annual appreciation compiles into $135,102 by year five. Five-year ROI reaches 154.69% and total cumulative return in cash sums $250,750. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,752/mo property income covering a $2,393/mo payment, not borrower’s personal income.
Single Family
Built in 1971
5.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76310, Wichita Falls, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,807 (100%) |
| Owner Occupied HU | 5,929 (60.5%) |
| Renter Occupied HU | 3,075 (31.4%) |
| Vacant Housing Units | 803 ( 8.2%) |
| Median Home Value | $212,575 |
| Average Home Value | $237,484 |
Housing Distribution
Address Breakdown
Residential
8,824
Single Family
7,287
Multi-Family
1,537
Businesses
334
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Listed by: Samuel Wells • Williams Realty And Auction Service LLC
Mls Name: WFAR
Mls Provider:
Mls ID: #173783
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