2 Ivanhoe TerWichita 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
Investment property for sale in Wichita Falls at 2 Ivanhoe Ter, Wichita Falls, TX, 76306 at $250,000 posts ROI 25.94% with $417/mo cash flow from $2,195/mo rent. Total monthly income equals $2,195/mo, and annual cash flow records $5,002/yr on $82,875 to close. Return on cash invested measures 25.94% and rental yield reads 10.54% at the current $250,000. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,070 by year five. Five-year ROI prints 136.42% and total cumulative return in cash totals $113,062.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,195/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1994
7,840 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: LEIGH SWEENEY • Exp Realty, LLC
Mls Name: WFAR
Mls ID: #181639