5111 Johnson Rd UNIT 2-AWichita FallsTX76310
Nearby investment properties with comparable rents
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 5111 Johnson Rd UNIT 2-A, Wichita Falls, TX, 76310 uses $49,692 cash to close to unlock $1,581/yr annual cash flow and $132/mo monthly cash flow. Total monthly income runs $1,198/mo, and a $734/mo payment keeps the spread at $132/mo. Purchase price stands at $149,900, and rental yield measures 9.59% with $1,198/mo rent. Return on cash invested shows 23.09% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 121.13% and total cumulative return in cash records $60,191. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,198/mo property income covering a $734/mo payment rather than investor’s personal income.
Townhouse
Built in 1969
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: Lou Eytalis • Sl Real Estate
Mls Name: WFAR
Mls Provider:
Mls ID: #179125
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