1511 Speedway AveWichita FallsTX76301
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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 1511 Speedway Ave, Wichita Falls, TX, 76301 earns $108/mo cash flow from $1,353/mo rent with a $857/mo payment. Total monthly income totals $1,353/mo, and annual cash flow totals $1,297/yr on $58,012 capital. ROI tracks 22.14% on current figures, and rental yield reads 9.28% at a $174,999 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 over five years. Five-year ROI reaches 116.12% and total cumulative return in cash sums $67,363. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,353/mo property income instead of your personal income.
Single Family
Built in 1929
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76301, Wichita Falls, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,955 (100%) |
| Owner Occupied HU | 3,189 (40.1%) |
| Renter Occupied HU | 3,144 (39.5%) |
| Vacant Housing Units | 1,622 (20.4%) |
| Median Home Value | $79,555 |
| Average Home Value | $138,046 |
Housing Distribution
Address Breakdown
Residential
7,165
Single Family
6,308
Multi-Family
857
Businesses
1,412
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Listed by: Brittany Ratliff • River's Edge Realty Group
Mls Name: WFAR
Mls Provider:
Mls ID: #176685
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