1417 N 7th StWichita 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
Rental property for sale in Wichita Falls at 1417 N 7th St, Wichita Falls, TX, 76306 generates $1,022/mo in rent and, after a $661/mo payment, leaves $62/mo in cash flow. Total monthly income is $1,022/mo, and annual cash flow is $741/yr on $44,753 invested. Return on cash invested sits at 21.56% in year one, and rental yield is 9.08% on a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 112.97% and total cumulative return in cash sums $50,557. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,022/mo property income rather than buyer’s personal income.
Single Family
Built in 1928
6,969 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: CHRISTI LOPEZ • Keller Williams Realty Heritage West
Mls Name: WFAR
Mls ID: #181453