2803 Cromwell AveWichita FallsTX76309
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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 2803 Cromwell Ave, Wichita Falls, TX, 76309 earns $330/mo cash flow from $2,318/mo rent with a $1,368/mo payment. Total monthly income totals $2,318/mo, and annual cash flow totals $3,965/yr on $92,654 capital. ROI tracks 24.19% on current figures, and rental yield reads 9.95% at a $279,500 purchase. Equity gained on principal adds $1,804/yr, and 5% annual appreciation supports $77,221 over five years. Five-year ROI reaches 127.02% and total cumulative return in cash sums $117,692. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,318/mo property income instead of your personal income.
Single Family
Built in 1984
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76309, Wichita Falls, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,295 (100%) |
| Owner Occupied HU | 3,316 (52.7%) |
| Renter Occupied HU | 2,072 (32.9%) |
| Vacant Housing Units | 907 (14.4%) |
| Median Home Value | $173,910 |
| Average Home Value | $207,725 |
Housing Distribution
Address Breakdown
Residential
6,051
Single Family
5,369
Multi-Family
682
Businesses
283
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Listed by: VIVIAN KIRKPATRICK • Keyterra Realty Group
Mls Name: WFAR
Mls ID: #180527