2908 Lebanon RdWichita 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
Rental property for sale in Wichita Falls at 2908 Lebanon Rd, Wichita Falls, TX, 76309 generates $1,193/mo in rent and, after a $587/mo payment, leaves $340/mo in cash flow. Total monthly income is $1,193/mo, and annual cash flow is $4,080/yr on $39,780 invested. Return on cash invested sits at 30.17% in year one, and rental yield is 11.93% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 159.05% and total cumulative return in cash sums $63,271. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,193/mo property income rather than buyer’s personal income.
Single Family
Built in 1949
0.34 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: AMANDA KINGCADE • Don Hardy Homes Real Estate
Mls Name: WFAR
Mls ID: #180920