7 Johnny CtWichita FallsTX76302
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 7 Johnny Ct, Wichita Falls, TX, 76302 priced at $295,000 converts $3,541/mo rent into $1,368/mo cash flow after a $1,444/mo obligation. Total monthly income equals $3,541/mo, and annual cash flow totals $16,417/yr on $97,793 invested. Return on cash invested prints 36.7% in year one, and rental yield reads 14.4% against a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation compiles into $81,503 by year five. Five-year ROI reaches 194.45% and total cumulative return in cash sums $190,154. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,541/mo property income covering a $1,444/mo payment, not borrower’s personal income.
Single Family
Built in 2021
N/A lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Autumn Magill • Miller Realtor Group
Mls Name: WFAR
Mls Provider:
Mls ID: #170339
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