Wichita Falls, TX — Rental Investment Analysis

🟢GOOD— solid returns

Cap Rate

6.6%

Above average

Monthly Cash Flow

+$40

After all expenses

Price-to-Rent

9.9

Investor-friendly

DSCR

1.04

Tight

📊 Key Metrics

Median Home Price: $193,008
Average Rent (3BR): $1,450/mo
Price-to-Rent Ratio: 9.9(good)
1% Rule: 0.84%(fails — need 1%+)
Cash-on-Cash Return: 1.0%
Vacancy Rate: 8.0%

📈 Market Strength

Unemployment Rate: 4.3%(0% vs national)
Rent Growth (YoY): +2.9%(national avg)
Population Growth: +1.5% YoY

Assumptions Used

20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance

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Property Tax Rate

1.68%

of assessed value (TX avg)

Median Income

$67,321

household (TX avg)

Rent-to-Income

25.8%

Affordable

Section 8 Max Rent

$1,450/mo

3BR voucher payment

🏛️ TX Investor Climate

Landlord Friendly

9/10

State Income Tax

✅ None

Property Tax

1.68% effective

Population Trend

+1.5% (3yr)

🏘️ Best Zip Codes in Wichita Falls for Investors

76301

Cap Rate: 13.0%Cash Flow: +$459/mo$82,831

76309

Cap Rate: 9.1%Cash Flow: +$284/mo$125,716

76306

Cap Rate: 8.3%Cash Flow: +$220/mo$140,111

All Zip Codes in Wichita Falls

Zip	Cap Rate	Cash Flow	Home Price	Rent (3BR)	DSCR
76301	13.0%	+$459	$82,831	$1,240/mo	2.04
76309	9.1%	+$284	$125,716	$1,380/mo	1.43
76306	8.3%	+$220	$140,111	$1,420/mo	1.30
76367	7.2%	+$131	$198,435	$1,790/mo	1.12
76302	6.1%	-$51	$187,581	$1,480/mo	0.95
76308	4.9%	-$280	$221,624	$1,480/mo	0.76
76310	4.2%	-$455	$252,540	$1,520/mo	0.66
76305	3.3%	-$646	$246,682	$1,240/mo	0.51