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Days329Days on Market
Views1view

$65,000

1616 23rd St, Wichita Falls, TX, 76301

On MarketInfo
CommercialInfo
Beds2 Beds
Baths1 Bath
Baths676 Sq Ft
Multi FamilyMulti Family
Year BuiltBuilt in 1941

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
HeatingHeating
CoolingCooling
AppliancesElectric Range, Electric Water Heater
FlooringCombination

Exterior

Lot Size7,501 sqft

Building Information

Year Built1941
Roof Type105

Land Information

APN4110 068 00
Lot Number18
SubdivisionEd Wilson
Land UseResidential
Legal DescriptionLOT 18 BLK 4 ED WILSON
Census Tract010600
Assessed Land Value$5,500
Assessed Improvement Value$49,500
Assessment Year2025

About this property

2 Bed 1 bath house that is currently rented for $850.00 per month. Units are occupied and can be viewed with an executed contract. This property is part of a portfolio. Ask agent for information on full portfolio

Investor Tools

Property Icon
$64,000
Estimated Property Value
$35,000Estimated Mortgage Balance
$35,043Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$390 /month
Positive
Cash Flow Estimate:
$130 /month

Interested in this property?

Ashley Self

InterHomes Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$129/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,231
$55,000
2025
$5,500
$49,500
$55,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,231
$55,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jimmy Frank Rogers
Unknown
$35,000
No
First
Dec 18, 2017
Jun 2018

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$28,957
$35,043
54%
45%
$210/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$943/mo
$210/mo
+$733/mo
17.7%

Learn About the Market: Opportunity in Texas

Local Market Pages
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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Wichita Falls

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1616 23rd St | Property Details | No Agent List