2931 McGaha AveWichita 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 2931 McGaha Ave, Wichita Falls, TX, 76308 offers a 13.37% rental yield on a $137,200 purchase with $1,529/mo rent. Total monthly income registers $1,529/mo, and a $672/mo payment leaves $481/mo available for distribution. Annual cash flow reaches $5,777/yr on $45,482 to close, and return on cash invested stands at 32.61% in year one. Equity gained on principal adds $885/yr while 5% annual appreciation supports $37,906 over five years. Portfolio math shows five-year ROI at 172.94% and total cumulative return in cash at $78,655. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,529/mo property income against a $672/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
0.25 Acres 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