2744 Shepherds GlnWichita FallsTX76308
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2744 Shepherds Gln, Wichita Falls, TX, 76308 uses $82,544 cash to close to unlock $6,397/yr annual cash flow and $533/mo monthly cash flow. Total monthly income runs $2,304/mo, and a $1,219/mo payment keeps the spread at $533/mo. Purchase price stands at $249,000, and rental yield measures 11.1% with $2,304/mo rent. Return on cash invested shows 27.66% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 145.66% and total cumulative return in cash records $120,236. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,304/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Single Family
Built in 1983
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76308, Wichita Falls, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,446 (100%) |
| Owner Occupied HU | 5,036 (53.3%) |
| Renter Occupied HU | 3,606 (38.2%) |
| Vacant Housing Units | 804 ( 8.5%) |
| Median Home Value | $238,605 |
| Average Home Value | $273,351 |
Housing Distribution
Address Breakdown
Residential
8,904
Single Family
6,694
Multi-Family
2,210
Businesses
1,432
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: MARIA MALONEY • Bishop Realtor Group
Mls Name: WFAR
Mls ID: #179100