2 Libby CtWichita 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
Investment property for sale in Wichita Falls at 2 Libby Ct, Wichita Falls, TX, 76310 with 5% annual appreciation on a $229,900 basis while $2,258/mo rent supports operations. Total monthly income totals $2,258/mo and a $1,125/mo payment preserves $623/mo for cash returns. Annual cash flow comes to $7,481/yr on $76,212 deployed, and return on cash invested reaches 29.72% in year one. Equity gained on principal adds $1,484/yr, and five-year appreciation sums $63,517 alongside rental yield of 11.79%. Five-year ROI measures 156.71% and total cumulative return in cash totals $119,435.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,258/mo property income versus a $1,125/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2004
7,200 sqft 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: DEBRA WEST • Re/Max Elite Group
Mls Name: WFAR
Mls ID: #180922