8715 Fm 2393Wichita 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 8715 Fm 2393, Wichita Falls, TX, 76305 uses $122,622 cash to close to unlock $21,085/yr annual cash flow and $1,757/mo monthly cash flow. Total monthly income runs $4,387/mo, and a $1,810/mo payment keeps the spread at $1,757/mo. Purchase price stands at $369,900, and rental yield measures 14.23% with $4,387/mo rent. Return on cash invested shows 37.1% in year one, and 5% annual appreciation builds toward $102,197 over five years. Five-year ROI reaches 196.29% and total cumulative return in cash records $240,694. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,387/mo property income covering a $1,810/mo payment rather than investor’s personal income.
Single Family
Built in 2001
4.83 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: Penny Riordan • Anchored Realty
Mls Name: NTREIS
Mls ID: #20633586
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.