590 Minnetonga TrlWichita 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
Rental property for sale in Wichita Falls at 590 Minnetonga Trl, Wichita Falls, TX, 76310 priced at $415,000 converts $2,483/mo rent into after a $2,031/mo obligation. Total monthly income equals $2,483/mo. Return on cash invested prints 15.83% in year one, and rental yield reads 7.18% against a $415,000 entry. Equity gained on principal adds $2,678/yr, while 5% annual appreciation compiles into $114,657 by year five. Five-year ROI reaches 82.19% and total cumulative return in cash sums $113,073. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,483/mo property income covering a $2,031/mo payment, not borrower’s personal income.
Single Family
Built in 2012
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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Nearby investment properties with comparable prices
Listed by: Sandie Hadsell • Hirschi Realtors
Mls Name: WFAR
Mls Provider:
Mls ID: #178263
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