3502 Cranbrook LnWichita FallsTX76308
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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 3502 Cranbrook Ln, Wichita Falls, TX, 76308 uses $74,322 cash to close to unlock $6,888/yr annual cash flow and $574/mo monthly cash flow. Total monthly income runs $2,168/mo, and a $1,097/mo payment keeps the spread at $574/mo. Purchase price stands at $224,200, and rental yield measures 11.6% with $2,168/mo rent. Return on cash invested shows 29.18% in year one, and 5% annual appreciation builds toward $61,942 over five years. Five-year ROI reaches 153.82% and total cumulative return in cash records $114,322. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,168/mo property income covering a $1,097/mo payment rather than investor’s personal income.
Single Family
Built in 1969
8,250 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
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