2946 Featherston 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
Rental property for sale in Wichita Falls at 2946 Featherston Ave, Wichita Falls, TX, 76308 priced at $129,940 pairs $1,720/mo rent with $746/mo cash flow after a $636/mo payment. Total monthly income equals $1,720/mo, and annual cash flow comes to $8,953/yr on $43,075 invested. Return on cash invested is 40.69% in year one, and rental yield stands at 15.88% on a $129,940 basis. Equity gained on principal adds $838/yr, and 5% annual appreciation accumulates to $35,900 by year five. Five-year ROI measures 216.14% and total cumulative return in cash reaches $93,104. For financing, Ziffy Mortgage’s DSCR program evaluates $1,720/mo property income against a $636/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
N/A 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: Rachel Case • 940 Realty
Mls Name: WFAR
Mls Provider:
Mls ID: #174603
Disclaimer: The data relating to real estate for sale on this website comes in part from the Wichita Falls Association of REALTORS Multiple Listing Service. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the IDX logo and detailed information about them includes the name of the listing Participant and listing agent(s). All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s), Zillow, Inc nor Wichita Falls Association of REALTORS Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Copyright 2024, the Wichita Falls Association of REALTORS Multiple Listing Service, all rights reserved.