1114 Monroe StWichita FallsTX76309
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 1114 Monroe St, Wichita Falls, TX, 76309 offers a 9.01% rental yield on a $119,500 purchase with $897/mo rent. Total monthly income registers $897/mo, and a $585/mo payment leaves $47/mo available for distribution. Annual cash flow reaches $565/yr on $39,614 to close, and return on cash invested stands at 21.34% in year one. Equity gained on principal adds $771/yr while 5% annual appreciation supports $33,016 over five years. Portfolio math shows five-year ROI at 111.82% and total cumulative return in cash at $44,298. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $897/mo property income against a $585/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76309, Wichita Falls, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,295 (100%) |
| Owner Occupied HU | 3,316 (52.7%) |
| Renter Occupied HU | 2,072 (32.9%) |
| Vacant Housing Units | 907 (14.4%) |
| Median Home Value | $173,910 |
| Average Home Value | $207,725 |
Housing Distribution
Address Breakdown
Residential
6,051
Single Family
5,369
Multi-Family
682
Businesses
283
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Listed by: Katie Hein • Century 21 Gold Coat Realtors
Mls Name: WFAR
Mls Provider:
Mls ID: #178694
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