633 Ray 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
Rental property for sale in Wichita Falls at 633 Ray Rd, Wichita Falls, TX, 76305 generates $2,140/mo in rent, after a $1,772/mo payment. Total monthly income is $2,140/mo. Return on cash invested sits at 15.56% in year one, and rental yield is 7.09% on a $362,100 entry. Equity gained on principal adds $2,337/yr, while 5% annual appreciation builds toward $100,042 over five years. Five-year ROI reaches 80.77% and total cumulative return in cash sums $96,957. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,140/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
6.43 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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