1805 Wilson AveWichita FallsTX76301
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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
Investment property for sale in Wichita Falls at 1805 Wilson Ave, Wichita Falls, TX, 76301 uses $35,802 cash to close to unlock $523/yr annual cash flow and $44/mo monthly cash flow. Total monthly income runs $812/mo, and a $529/mo payment keeps the spread at $44/mo. Purchase price stands at $108,000, and rental yield measures 9.02% with $812/mo rent. Return on cash invested shows 21.37% in year one, and 5% annual appreciation builds toward $29,838 over five years. Five-year ROI reaches 111.94% and total cumulative return in cash records $40,076. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $812/mo property income covering a $529/mo payment rather than investor’s personal income.
Single Family
Built in 1941
4,791 sqft 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: VIVIAN KIRKPATRICK • Keyterra Realty Group
Mls Name: WFAR
Mls ID: #180186