2820 Lansing BlvdWichita FallsTX76309
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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 2820 Lansing Blvd, Wichita Falls, TX, 76309 uses $57,101 cash to close to unlock $1,850/yr annual cash flow and $154/mo monthly cash flow. Total monthly income runs $1,379/mo, and a $843/mo payment keeps the spread at $154/mo. Purchase price stands at $172,250, and rental yield measures 9.61% with $1,379/mo rent. Return on cash invested shows 23.15% in year one, and 5% annual appreciation builds toward $47,590 over five years. Five-year ROI reaches 121.48% and total cumulative return in cash records $69,368. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,379/mo property income covering a $843/mo payment rather than investor’s personal income.
Single Family
Built in 1966
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76309, Wichita Falls, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,295 (100%) |
| Owner Occupied HU | 3,316 (52.7%) |
| Renter Occupied HU | 2,072 (32.9%) |
| Vacant Housing Units | 907 (14.4%) |
| Median Home Value | $173,910 |
| Average Home Value | $207,725 |
Housing Distribution
Address Breakdown
Residential
6,051
Single Family
5,369
Multi-Family
682
Businesses
283
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Listed by: DEBBIE CAUSSEY • Strategic Realty
Mls Name: WFAR
Mls ID: #181077