1708 Cimarron TrlWichita 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 1708 Cimarron Trl, Wichita Falls, TX, 76306 priced at $119,900 pairs $931/mo rent with $78/mo cash flow after a $587/mo payment. Total monthly income equals $931/mo, and annual cash flow comes to $939/yr on $39,747 invested. Return on cash invested is 22.27% in year one, and rental yield stands at 9.32% on a $119,900 basis. Equity gained on principal adds $774/yr, and 5% annual appreciation accumulates to $33,126 by year five. Five-year ROI measures 116.81% and total cumulative return in cash reaches $46,428. For financing, Ziffy Mortgage’s DSCR program evaluates $931/mo property income against a $587/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
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: Brittany Ratliff • River's Edge Realty Group
Mls Name: WFAR
Mls Provider:
Mls ID: #176527
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