3201 Southwest Dr #5Wichita 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
Total monthly income runs $962/mo, and a $2,080/mo payment. Purchase price stands at $425,000, and rental yield measures 2.72% with $962/mo rent. Return on cash invested shows 2.36% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 9.96% and total cumulative return in cash records $14,033. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $962/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 1930
0.86 Acres 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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Listed by: MELISSA MCCRAY • Paramount Real Estate Services
Mls Name: WFAR
Mls ID: #181900