2009 Windmill Lake AveWichita 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
Investment property for sale in Wichita Falls at 2009 Windmill Lake Ave, Wichita Falls, TX, 76309 uses $67,360 cash to close to unlock $9,402/yr annual cash flow and $783/mo monthly cash flow. Total monthly income runs $2,341/mo, and a $995/mo payment keeps the spread at $783/mo. Purchase price stands at $203,199, and rental yield measures 13.82% with $2,341/mo rent. Return on cash invested shows 33.87% in year one, and 5% annual appreciation builds toward $56,140 over five years. Five-year ROI reaches 179.67% and total cumulative return in cash records $121,024. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,341/mo property income covering a $995/mo payment rather than investor’s personal income.
Home Type Unknown
Built in 2022
6,359 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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