2724 Red Oak DrWichita FallsTX76308
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 2724 Red Oak Dr, Wichita Falls, TX, 76308 with 5% annual appreciation on a $630,500 basis while $4,619/mo rent supports operations. Total monthly income totals $4,619/mo and a $3,086/mo payment preserves $135/mo for cash returns. Annual cash flow comes to $1,625/yr on $207,435 deployed, and return on cash invested reaches 20.84% in year one. Equity gained on principal adds $4,069/yr, and five-year appreciation sums $174,196 alongside rental yield of 8.79%. Five-year ROI measures 109.05% and total cumulative return in cash totals $226,199.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,619/mo property income versus a $3,086/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1979
8,988 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76308, Wichita Falls, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,446 (100%) |
| Owner Occupied HU | 5,036 (53.3%) |
| Renter Occupied HU | 3,606 (38.2%) |
| Vacant Housing Units | 804 ( 8.5%) |
| Median Home Value | $238,605 |
| Average Home Value | $273,351 |
Housing Distribution
Address Breakdown
Residential
8,904
Single Family
6,694
Multi-Family
2,210
Businesses
1,432
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