2701 Byrne PlWichita 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 2701 Byrne Pl, Wichita Falls, TX, 76306 uses $44,753 cash to close to unlock $1,281/yr annual cash flow and $107/mo monthly cash flow. Total monthly income runs $1,067/mo, and a $661/mo payment keeps the spread at $107/mo. Purchase price stands at $135,000, and rental yield measures 9.48% with $1,067/mo rent. Return on cash invested shows 22.77% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 119.4% and total cumulative return in cash records $53,437. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,067/mo property income covering a $661/mo payment rather than investor’s personal income.
Single Family
Built in 1961
7,840 sqft 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: AUTUMN MAGILL • Miller Realtor Group
Mls Name: WFAR
Mls ID: #180282