2943 Stearns AveWichita FallsTX76308
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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 2943 Stearns Ave, Wichita Falls, TX, 76308 generates $998/mo in rent and, after a $636/mo payment, leaves $74/mo in cash flow. Total monthly income is $998/mo, and annual cash flow is $886/yr on $43,095 invested. Return on cash invested sits at 21.97% in year one, and rental yield is 9.21% on a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 115.09% and total cumulative return in cash sums $49,599. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $998/mo property income rather than buyer’s personal income.
Single Family
Built in 1961
6,969 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
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Listed by: TAZ ELLETT • Bishop Realtor Group
Mls Name: WFAR
Mls ID: #180525