4949 S Lake Park Dr,Wichita Falls,TX,76302

Investment Highlights

Rental property for sale in Wichita Falls at 4949 S Lake Park Dr, Wichita Falls, TX, 76302 priced at $179,500 pairs $1,367/mo rent with $90/mo cash flow after a $879/mo payment. Total monthly income equals $1,367/mo, and annual cash flow comes to $1,081/yr on $59,504 invested. Return on cash invested is 21.73% in year one, and rental yield stands at 9.14% on a $179,500 basis. Equity gained on principal adds $1,158/yr, and 5% annual appreciation accumulates to $49,593 by year five. Five-year ROI measures 113.89% and total cumulative return in cash reaches $67,768. For financing, Ziffy Mortgage’s DSCR program evaluates $1,367/mo property income against a $879/mo payment instead of your W2s, 1099s, or Tax returns.