2317 Perrin 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 2317 Perrin Dr, Wichita Falls, TX, 76306 with 5% annual appreciation on a $230,000 basis while $2,278/mo rent supports operations. Total monthly income totals $2,278/mo and a $1,126/mo payment preserves $642/mo for cash returns. Annual cash flow comes to $7,706/yr on $76,245 deployed, and return on cash invested reaches 30.02% in year one. Equity gained on principal adds $1,484/yr, and five-year appreciation sums $63,545 alongside rental yield of 11.89%. Five-year ROI measures 158.31% and total cumulative return in cash totals $120,703.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,278/mo property income versus a $1,126/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1977
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: Karina Kappes • Bishop Realtor Group
Mls Name: WFAR
Mls Provider:
Mls ID: #175719
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