216 N Beverly DrWichita FallsTX76306
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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 216 N Beverly Dr, Wichita Falls, TX, 76306 earns $106/mo cash flow from $994/mo rent with a $611/mo payment. Total monthly income totals $994/mo, and annual cash flow totals $1,274/yr on $41,404 capital. ROI tracks 22.99% on current figures, and rental yield reads 9.55% at a $124,900 purchase. Equity gained on principal adds $806/yr, and 5% annual appreciation supports $34,508 over five years. Five-year ROI reaches 120.68% and total cumulative return in cash sums $49,966. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $994/mo property income instead of your personal income.
Single Family
Built in 1945
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76306, Wichita Falls, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,978 (100%) |
| Owner Occupied HU | 3,663 (52.5%) |
| Renter Occupied HU | 2,578 (36.9%) |
| Vacant Housing Units | 737 (10.6%) |
| Median Home Value | $129,763 |
| Average Home Value | $158,605 |
Housing Distribution
Address Breakdown
Residential
6,470
Single Family
6,143
Multi-Family
327
Businesses
416
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Listed by: Mike Haley • Paramount Real Estate Services
Mls Name: WFAR
Mls Provider:
Mls ID: #175716
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