4602 Summit DrWichita FallsTX76310
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Nearby investment properties with comparable prices
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 4602 Summit Dr, Wichita Falls, TX, 76310 listed at $229,900 pairs $2,158/mo rent with a $1,125/mo payment to leave $523/mo cash flow. Total monthly income runs $2,158/mo, and annual cash flow reaches $6,281/yr on $76,212 cash to close. Return on cash invested measures 28.15% in year one, and rental yield registers 11.26% at a $229,900 basis. Equity gained on principal adds $1,484/yr, and annual property appreciation at 5% supports $63,517 by year five. Five-year ROI tracks 148.29% and total cumulative return in cash totals $113,015. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,158/mo property income relative to a $1,125/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76310, Wichita Falls, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,807 (100%) |
| Owner Occupied HU | 5,929 (60.5%) |
| Renter Occupied HU | 3,075 (31.4%) |
| Vacant Housing Units | 803 ( 8.2%) |
| Median Home Value | $212,575 |
| Average Home Value | $237,484 |
Housing Distribution
Address Breakdown
Residential
8,824
Single Family
7,287
Multi-Family
1,537
Businesses
334
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Listed by: Teresa York • Soaring Realty
Mls Name: WFAR
Mls Provider:
Mls ID: #176742
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