2408 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
Investment property for sale in Wichita Falls at 2408 Wedgewood Ave, Wichita Falls, TX, 76301 uses $36,165 cash to close to unlock $1,118/yr annual cash flow and $93/mo monthly cash flow. Total monthly income runs $869/mo, and a $534/mo payment keeps the spread at $93/mo. Purchase price stands at $109,095, and rental yield measures 9.56% with $869/mo rent. Return on cash invested shows 23% in year one, and 5% annual appreciation builds toward $30,141 over five years. Five-year ROI reaches 120.72% and total cumulative return in cash records $43,659. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $869/mo property income covering a $534/mo payment rather than investor’s personal income.
Single Family
Built in 1954
7,405 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: MELISSA MCCRAY • Paramount Real Estate Services
Mls Name: WFAR
Mls ID: #181595