1401 Polk StWichita FallsTX76309
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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 1401 Polk St, Wichita Falls, TX, 76309 uses $39,449 cash to close to unlock $1,263/yr annual cash flow and $105/mo monthly cash flow. Total monthly income runs $951/mo, and a $582/mo payment keeps the spread at $105/mo. Purchase price stands at $119,000, and rental yield measures 9.59% with $951/mo rent. Return on cash invested shows 23.11% in year one, and 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 121.3% and total cumulative return in cash records $47,849. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $951/mo property income covering a $582/mo payment rather than investor’s personal income.
Single Family
Built in 1940
7,501 sqft 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: Connie O'Neal • Star Properties
Mls Name: NTREIS
Mls ID: #20808136