605 Van Buren StWichita FallsTX76301
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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 605 Van Buren St, Wichita Falls, TX, 76301 with 5% annual appreciation on a $100,000 basis while $763/mo rent supports operations. Total monthly income totals $763/mo and a $489/mo payment preserves $52/mo for cash returns. Annual cash flow comes to $628/yr on $33,150 deployed, and return on cash invested reaches 21.8% in year one. Equity gained on principal adds $645/yr, and five-year appreciation sums $27,628 alongside rental yield of 9.16%. Five-year ROI measures 114.33% and total cumulative return in cash totals $37,900.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $763/mo property income versus a $489/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1955
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76301, Wichita Falls, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,955 (100%) |
| Owner Occupied HU | 3,189 (40.1%) |
| Renter Occupied HU | 3,144 (39.5%) |
| Vacant Housing Units | 1,622 (20.4%) |
| Median Home Value | $79,555 |
| Average Home Value | $138,046 |
Housing Distribution
Address Breakdown
Residential
7,165
Single Family
6,308
Multi-Family
857
Businesses
1,412
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Listed by: Ashley Self • InterHomes Realty
Mls Name: NTREIS
Mls ID: #21004856