1422 Phoenix 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
Rental property for sale in Wichita Falls at 1422 Phoenix Dr, Wichita Falls, TX, 76306 offers $2,065/mo rent that, after a $673/mo payment, leaves $1,048/mo cash flow. Total monthly income is $2,065/mo, and annual cash flow is $12,570/yr on $45,614 cash. Return on cash invested measures 47.47% in year one, and rental yield stands at 18.01% at a $137,600 entry. Equity gained on principal adds $888/yr while 5% annual appreciation compounds into $38,016 by year five. Five-year ROI records 252.26% and total cumulative return in cash reaches $115,069. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,065/mo property income versus a $673/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A