3010 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 3010 Cromwell Ave, Wichita Falls, TX, 76309 uses $99,417 cash to close to unlock $6,579/yr annual cash flow and $548/mo monthly cash flow. Total monthly income runs $2,681/mo, and a $1,468/mo payment keeps the spread at $548/mo. Purchase price stands at $299,900, and rental yield measures 10.73% with $2,681/mo rent. Return on cash invested shows 26.53% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 139.57% and total cumulative return in cash records $138,760. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,681/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1976
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: BRITTANY RATLIFF • Murray And Co.
Mls Name: WFAR
Mls ID: #180270