2944 Lavell 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
Investment property for sale in Wichita Falls at 2944 Lavell Ave, Wichita Falls, TX, 76308 with 5% annual appreciation on a $118,700 basis while $1,264/mo rent supports operations. Total monthly income totals $1,264/mo and a $581/mo payment preserves $420/mo for cash returns. Annual cash flow comes to $5,039/yr on $39,349 deployed, and return on cash invested reaches 32.71% in year one. Equity gained on principal adds $766/yr, and five-year appreciation sums $32,795 alongside rental yield of 12.78%. Five-year ROI measures 172.69% and total cumulative return in cash totals $67,951.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,264/mo property income versus a $581/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1980
6,272 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: Mary Buhr • Better Homes & Gardens, Winans
Mls Name: NTREIS
Mls ID: #20733207
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.