2303 Doris StWichita FallsTX76306
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2303 Doris St, Wichita Falls, TX, 76306 uses $63,714 cash to close to unlock $3,323/yr annual cash flow and $277/mo monthly cash flow. Total monthly income runs $1,644/mo, and a $941/mo payment keeps the spread at $277/mo. Purchase price stands at $192,200, and rental yield measures 10.26% with $1,644/mo rent. Return on cash invested shows 25.13% in year one, and 5% annual appreciation builds toward $53,101 over five years. Five-year ROI reaches 132.04% and total cumulative return in cash records $84,127. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,644/mo property income covering a $941/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.26 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A