1416 E Cortez DrWichita FallsTX76306
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 1416 E Cortez Dr, Wichita Falls, TX, 76306 earns from $900/mo rent with a $587/mo payment. Total monthly income totals $900/mo. ROI tracks 15.73% on current figures, and rental yield reads 9% at a $120,000 purchase. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,154 over five years. Five-year ROI reaches 83.73% and total cumulative return in cash sums $33,307. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $900/mo property income instead of your personal income.
Single Family
Built in 1959
7,187 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Collin Seaton • Bell Realty Company
Mls Name: NTREIS
Mls ID: #20821214
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.