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$117,000

NAL Estimated Property Value

3321 Barrett Place, Wichita Falls, TX, 76308

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths760 Sq Ft
price_per_sqft$72.37 / sqft
Year BuiltBuilt in 1948

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1.5Bathrooms Full 1.5
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Dryer, Electric Range, Refrigerator, Washer
FlooringCarpet, Laminate

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size7,379 sqft

Building Information

Year Built1948
Roof Type112
Garage Spaces1

Land Information

APN2590 038 00
Lot Number19
SubdivisionNorris Brothers
Land UseResidential
Legal DescriptionLOT 19 BLK B NORRIS BROTHERS
Census Tract012002
Assessed Land Value$12,000
Assessed Improvement Value$86,058
Assessment Year2025

About this property

This home is an investors dream, close to the college. Great for a rental property! All appliances are included with the home; refrigerator, oven & range, dishwasher, washer & Dryer. Solid wood custom cabinets were put in the home 10 years ago. Large backyard with a covered patio and 5 storage buildings. (Most of the storage buildings have electricity to them.) Property is being sold as is. All information to be verified by buyers agent.

Investor Tools

Property Icon
$117,000
Estimated Property Value
$53,758Estimated Mortgage Balance
$63,242Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$702 /month
Positive
Cash Flow Estimate:
$234 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$235/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,235
$98,058
2025
$12,000
$86,058
$98,058
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,235
$98,058

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Union Square Fcu
Commercial
$61,922
No
First
Sep 27, 2019
Oct 2024

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$53,758
$63,242
54%
46%
$372/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$970/mo
$372/mo
+$598/mo
9.9%

Learn About the Market: Opportunity in Texas

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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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3321 Barrett Place | Property Details | No Agent List