7 Freedom CirWichita FallsTX76306
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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 7 Freedom Cir, Wichita Falls, TX, 76306 priced at $359,900 converts $2,746/mo rent into $186/mo cash flow after a $1,762/mo obligation. Total monthly income equals $2,746/mo, and annual cash flow totals $2,235/yr on $119,307 invested. Return on cash invested prints 21.78% in year one, and rental yield reads 9.16% against a $359,900 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation compiles into $99,434 by year five. Five-year ROI reaches 114.13% and total cumulative return in cash sums $136,166. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,746/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Single Family
Built in 2010
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76306, Wichita Falls, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,978 (100%) |
| Owner Occupied HU | 3,663 (52.5%) |
| Renter Occupied HU | 2,578 (36.9%) |
| Vacant Housing Units | 737 (10.6%) |
| Median Home Value | $129,763 |
| Average Home Value | $158,605 |
Housing Distribution
Address Breakdown
Residential
6,470
Single Family
6,143
Multi-Family
327
Businesses
416
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Listed by: ZENAIDA VASQUEZ • Soaring Realty
Mls Name: WFAR
Mls ID: #181907