3028 Whitehall LnWichita 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 3028 Whitehall Ln, Wichita Falls, TX, 76309 generates $3,648/mo in rent and, after a $1,823/mo payment, leaves $1,000/mo in cash flow. Total monthly income is $3,648/mo, and annual cash flow is $11,994/yr on $123,451 invested. Return on cash invested sits at 29.62% in year one, and rental yield is 11.76% on a $372,400 entry. Equity gained on principal adds $2,403/yr, while 5% annual appreciation builds toward $102,887 over five years. Five-year ROI reaches 156.17% and total cumulative return in cash sums $192,795. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,648/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
9,583 sqft 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: ANALISA ALLISON • Times Real Estate LLC
Mls Name: WFAR
Mls ID: #181635