2016 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 2016 Speedway Ave, Wichita Falls, TX, 76301 offers $2,243/mo rent that, after a $1,334/mo payment, leaves $305/mo cash flow. Total monthly income is $2,243/mo, and annual cash flow is $3,660/yr on $90,334 cash. Return on cash invested measures 23.96% in year one, and rental yield stands at 9.88% at a $272,500 entry. Equity gained on principal adds $1,758/yr while 5% annual appreciation compounds into $75,287 by year five. Five-year ROI records 125.78% and total cumulative return in cash reaches $113,622. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,243/mo property income versus a $1,334/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1929
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: Analisa Allison • Anchored Realty
Mls Name: WFAR
Mls Provider:
Mls ID: #175286
Disclaimer: The data relating to real estate for sale on this website comes in part from the Wichita Falls Association of REALTORS Multiple Listing Service. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the IDX logo and detailed information about them includes the name of the listing Participant and listing agent(s). All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s), Zillow, Inc nor Wichita Falls Association of REALTORS Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Copyright 2024, the Wichita Falls Association of REALTORS Multiple Listing Service, all rights reserved.