894 Mesa RdWichita FallsTX76305
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Nearby investment properties with comparable prices
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 894 Mesa Rd, Wichita Falls, TX, 76305 offers $4,096/mo rent that, after a $2,337/mo payment, leaves $701/mo cash flow. Total monthly income is $4,096/mo, and annual cash flow is $8,406/yr on $158,291 cash. Return on cash invested measures 25.22% in year one, and rental yield stands at 10.29% at a $477,500 entry. Equity gained on principal adds $3,081/yr while 5% annual appreciation compounds into $131,924 by year five. Five-year ROI records 132.53% and total cumulative return in cash reaches $209,784. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,096/mo property income versus a $2,337/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2016
21.14 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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