3213 Avenue SWichita 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 3213 Avenue S, Wichita Falls, TX, 76309 generates $1,200/mo in rent and, after a $612/mo payment, leaves $311/mo in cash flow. Total monthly income is $1,200/mo, and annual cash flow is $3,731/yr on $41,438 invested. Return on cash invested sits at 28.91% in year one, and rental yield is 11.52% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 152.31% and total cumulative return in cash sums $63,113. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,200/mo property income rather than buyer’s personal income.
Single Family
Built in 1949
7,405 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: KAYLE BYRNE-PARKS • Paramount Real Estate Services
Mls Name: WFAR
Mls ID: #179865