4723 Northshore DrWichita FallsTX76310
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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 4723 Northshore Dr, Wichita Falls, TX, 76310 offers a 9.02% rental yield on a $122,500 purchase with $921/mo rent. Total monthly income registers $921/mo, and a $600/mo payment leaves $49/mo available for distribution. Annual cash flow reaches $594/yr on $40,609 to close, and return on cash invested stands at 21.37% in year one. Equity gained on principal adds $790/yr while 5% annual appreciation supports $33,844 over five years. Portfolio math shows five-year ROI at 111.97% and total cumulative return in cash at $45,468. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $921/mo property income against a $600/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
7,840 sqft 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: LINDA WARNOCK • Keyterra Realty Group
Mls Name: WFAR
Mls ID: #181232