4408 Phillips DrWichita 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
Rental property for sale in Wichita Falls at 4408 Phillips Dr, Wichita Falls, TX, 76308 generates $1,651/mo in rent and, after a $896/mo payment, leaves $349/mo in cash flow. Total monthly income is $1,651/mo, and annual cash flow is $4,190/yr on $60,698 invested. Return on cash invested sits at 26.81% in year one, and rental yield is 10.82% on a $183,100 entry. Equity gained on principal adds $1,182/yr, while 5% annual appreciation builds toward $50,587 over five years. Five-year ROI reaches 141.15% and total cumulative return in cash sums $85,674. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,651/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
10,075 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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