2403 Wedgewood 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 2403 Wedgewood Ave, Wichita Falls, TX, 76301 priced at $119,999 pairs $1,130/mo rent with $277/mo cash flow after a $587/mo payment. Total monthly income equals $1,130/mo, and annual cash flow comes to $3,324/yr on $39,780 invested. Return on cash invested is 28.26% in year one, and rental yield stands at 11.3% on a $119,999 basis. Equity gained on principal adds $774/yr, and 5% annual appreciation accumulates to $33,154 by year five. Five-year ROI measures 148.86% and total cumulative return in cash reaches $59,215. For financing, Ziffy Mortgage’s DSCR program evaluates $1,130/mo property income against a $587/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1952
10,724 sqft 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: Chet Polniazek • 1st Texas Realty Services
Mls Name: HAR
Mls Provider:
Mls ID: #76635427
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