3211 Glenwood 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 3211 Glenwood Ave, Wichita Falls, TX, 76308 uses $67,295 cash to close to unlock $1,896/yr annual cash flow and $158/mo monthly cash flow. Total monthly income runs $1,602/mo, and a $994/mo payment keeps the spread at $158/mo. Purchase price stands at $203,000, and rental yield measures 9.47% with $1,602/mo rent. Return on cash invested shows 22.73% in year one, and 5% annual appreciation builds toward $56,085 over five years. Five-year ROI reaches 119.23% and total cumulative return in cash records $80,234. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,602/mo property income covering a $994/mo payment rather than investor’s personal income.
Single Family
Built in 1940
7,405 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: JASON SYPULA • Elite Leases And Property Management
Mls Name: WFAR
Mls ID: #181057