2 Retta Ter SWWichita FallsTX76309
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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
Rental property for sale in Wichita Falls at 2 Retta Ter SW, Wichita Falls, TX, 76309 priced at $221,000 pairs $1,586/mo rent with $14/mo cash flow after a $1,082/mo payment. Total monthly income equals $1,586/mo, and annual cash flow comes to $169/yr on $73,262 invested. Return on cash invested is 20.14% in year one, and rental yield stands at 8.61% on a $221,000 basis. Equity gained on principal adds $1,426/yr, and 5% annual appreciation accumulates to $61,058 by year five. Five-year ROI measures 105.36% and total cumulative return in cash reaches $77,185. For financing, Ziffy Mortgage’s DSCR program evaluates $1,586/mo property income against a $1,082/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1965
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76309, Wichita Falls, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,295 (100%) |
| Owner Occupied HU | 3,316 (52.7%) |
| Renter Occupied HU | 2,072 (32.9%) |
| Vacant Housing Units | 907 (14.4%) |
| Median Home Value | $173,910 |
| Average Home Value | $207,725 |
Housing Distribution
Address Breakdown
Residential
6,051
Single Family
5,369
Multi-Family
682
Businesses
283
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Listed by: NOROS MARTIN • Advantage Real Estate
Mls Name: WFAR
Mls ID: #178455