1411 Phoenix DrWichita FallsTX76306
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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 1411 Phoenix Dr, Wichita Falls, TX, 76306 offers a 9.44% rental yield on a $163,500 purchase with $1,286/mo rent. Total monthly income registers $1,286/mo, and a $800/mo payment leaves $124/mo available for distribution. Annual cash flow reaches $1,483/yr on $54,200 to close, and return on cash invested stands at 22.65% in year one. Equity gained on principal adds $1,055/yr while 5% annual appreciation supports $45,172 over five years. Portfolio math shows five-year ROI at 118.78% and total cumulative return in cash at $64,376. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,286/mo property income against a $800/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
8,189 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76306, Wichita Falls, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,978 (100%) |
| Owner Occupied HU | 3,663 (52.5%) |
| Renter Occupied HU | 2,578 (36.9%) |
| Vacant Housing Units | 737 (10.6%) |
| Median Home Value | $129,763 |
| Average Home Value | $158,605 |
Housing Distribution
Address Breakdown
Residential
6,470
Single Family
6,143
Multi-Family
327
Businesses
416
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Listed by: Kirk Kaparoff • Summit Cove Realty, Inc.
Mls Name: NTREIS
Mls ID: #21068286