9 Chanute CirWichita FallsTX76306
Nearby investment properties with comparable rents
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
Investment property for sale in Wichita Falls at 9 Chanute Cir, Wichita Falls, TX, 76306 at $234,900 posts ROI 29.51% with $623/mo cash flow from $2,294/mo rent. Total monthly income equals $2,294/mo, and annual cash flow records $7,480/yr on $77,869 to close. Return on cash invested measures 29.51% and rental yield reads 11.72% at the current $234,900. Equity gained on principal adds $1,516/yr, and 5% annual appreciation supports $64,899 by year five. Five-year ROI prints 155.58% and total cumulative return in cash totals $121,149.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,294/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1976
8,276 sqft 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: DEBRA WEST • Re/Max Elite Group
Mls Name: WFAR
Mls ID: #180096