2006 Speedway 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
Rental property for sale in Wichita Falls at 2006 Speedway Ave, Wichita Falls, TX, 76301 offers $1,466/mo rent that, after a $1,150/mo payment. Total monthly income is $1,466/mo. Return on cash invested measures 16.75% in year one, and rental yield stands at 7.49% at a $235,000 entry. Equity gained on principal adds $1,516/yr while 5% annual appreciation compounds into $64,926 by year five. Five-year ROI records 87.16% and total cumulative return in cash reaches $67,900. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,466/mo property income versus a $1,150/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1928
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: Tanya Ruff • Hirschi Realtors
Mls Name: WFAR
Mls ID: #179324