5300 Summit 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 5300 Summit Dr, Wichita Falls, TX, 76310 uses $79,394 cash to close to unlock $6,541/yr annual cash flow and $545/mo monthly cash flow. Total monthly income runs $2,248/mo, and a $1,172/mo payment keeps the spread at $545/mo. Purchase price stands at $239,500, and rental yield measures 11.26% with $2,248/mo rent. Return on cash invested shows 28.15% in year one, and 5% annual appreciation builds toward $66,169 over five years. Five-year ROI reaches 148.29% and total cumulative return in cash records $117,733. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,248/mo property income covering a $1,172/mo payment rather than investor’s personal income.
Single Family
Built in 1962
0.26 Acres 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: KELLY HO-MONTOYA • Paramount Real Estate Services
Mls Name: WFAR
Mls ID: #181090