2717 Palmetto 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 2717 Palmetto Dr, Wichita Falls, TX, 76306 listed at $101,100 pairs $1,363/mo rent with a $495/mo payment to leave $634/mo cash flow. Total monthly income runs $1,363/mo, and annual cash flow reaches $7,614/yr on $33,515 cash to close. Return on cash invested measures 42.63% in year one, and rental yield registers 16.18% at a $101,100 basis. Equity gained on principal adds $652/yr, and annual property appreciation at 5% supports $27,932 by year five. Five-year ROI tracks 226.08% and total cumulative return in cash totals $75,769. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,363/mo property income relative to a $495/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1962
9,112 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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Nearby investment properties with comparable prices
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