3109 Avenue RWichita FallsTX76309
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 3109 Avenue R, Wichita Falls, TX, 76309 priced at $129,900 pairs $1,243/mo rent with $319/mo cash flow after a $636/mo payment. Total monthly income equals $1,243/mo, and annual cash flow comes to $3,829/yr on $43,062 invested. Return on cash invested is 28.8% in year one, and rental yield stands at 11.48% on a $129,900 basis. Equity gained on principal adds $838/yr, and 5% annual appreciation accumulates to $35,889 by year five. Five-year ROI measures 151.86% and total cumulative return in cash reaches $65,395. For financing, Ziffy Mortgage’s DSCR program evaluates $1,243/mo property income against a $636/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
N/A 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: Debra West • Re/Max Elite Group
Mls Name: WFAR
Mls ID: #179472