247 Glasgow DrWichita FallsTX76302
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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 247 Glasgow Dr, Wichita Falls, TX, 76302 priced at $156,000 converts $2,764/mo rent into $1,654/mo cash flow after a $764/mo obligation. Total monthly income equals $2,764/mo, and annual cash flow totals $19,850/yr on $51,714 invested. Return on cash invested prints 58.29% in year one, and rental yield reads 21.26% against a $156,000 entry. Equity gained on principal adds $1,007/yr, while 5% annual appreciation compiles into $43,100 by year five. Five-year ROI reaches 309.98% and total cumulative return in cash sums $160,302. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,764/mo property income covering a $764/mo payment, not borrower’s personal income.
Single Family
Built in 1980
N/A lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Courtney Getchell • Paramount Real Estate Services
Mls Name: WFAR
Mls Provider:
Mls ID: #174652
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