353 Mesa RdWichita FallsTX76305
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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 353 Mesa Rd, Wichita Falls, TX, 76305 listed at $129,000 pairs $1,008/mo rent with a $631/mo payment to leave $91/mo cash flow. Total monthly income runs $1,008/mo, and annual cash flow reaches $1,093/yr on $42,764 cash to close. Return on cash invested measures 22.46% in year one, and rental yield registers 9.38% at a $129,000 basis. Equity gained on principal adds $832/yr, and annual property appreciation at 5% supports $35,640 by year five. Five-year ROI tracks 117.89% and total cumulative return in cash totals $50,413. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,008/mo property income relative to a $631/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76305, Wichita Falls, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,262 (100%) |
| Owner Occupied HU | 1,581 (69.9%) |
| Renter Occupied HU | 481 (21.3%) |
| Vacant Housing Units | 200 ( 8.8%) |
| Median Home Value | $224,437 |
| Average Home Value | $278,651 |
Housing Distribution
Address Breakdown
Residential
2,354
Single Family
2,180
Multi-Family
174
Businesses
122
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Listed by: CARI PIKE • Times Real Estate LLC
Mls Name: WFAR
Mls ID: #181390