5105 Parklane 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
Rental property for sale in Wichita Falls at 5105 Parklane Dr, Wichita Falls, TX, 76310 offers $1,640/mo rent that, after a $979/mo payment, leaves $218/mo cash flow. Total monthly income is $1,640/mo, and annual cash flow is $2,612/yr on $66,300 cash. Return on cash invested measures 23.85% in year one, and rental yield stands at 9.84% at a $200,000 entry. Equity gained on principal adds $1,291/yr while 5% annual appreciation compounds into $55,256 by year five. Five-year ROI records 125.19% and total cumulative return in cash reaches $83,000. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,640/mo property income versus a $979/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
8,712 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: GREGG MILLER • Team Legacy Realty
Mls Name: WFAR
Mls ID: #181851