3014 Stearns 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 3014 Stearns Ave, Wichita Falls, TX, 76308 priced at $139,940 converts $1,993/mo rent into $950/mo cash flow after a $685/mo obligation. Total monthly income equals $1,993/mo, and annual cash flow totals $11,394/yr on $46,390 invested. Return on cash invested prints 44.47% in year one, and rental yield reads 17.09% against a $139,940 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,663 by year five. Five-year ROI reaches 236.28% and total cumulative return in cash sums $109,611. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,993/mo property income covering a $685/mo payment, not borrower’s personal income.
Single Family
Built in 1980
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: #175068
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