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$172,000

NAL Estimated Property Value

4300 Phillips Drive, Wichita Falls, TX, 76308

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,395 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$99.28 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Refrigerator
FlooringWood

Exterior

Lot Size13,190 sqft

Building Information

Year Built1955
Roof Type105
Garage Spaces4

Land Information

APN3820 106 00
Lot Number39
SubdivisionUniversity Park B1
Land UseResidential
Legal DescriptionLOT 39 BLK 5 UNIVERSITY PARK B1
Census Tract012202
Assessed Land Value$15,000
Assessed Improvement Value$135,683
Assessment Year2025

About this property

Just down the street from Cunningham Elementary, this one owner home sits on a roomy corner lot with nice elevation. With a NEW roof, NEW energy efficient windows and fresh paint inside, this brick home has original hardwoods and vintage bathrooms in great condition. There are three bedrooms, one and a half bathrooms, a two car garage and carport, as well as a covered patio in the back and shed for yard equipment. Great home and location!

Investor Tools

Property Icon
$172,000
Estimated Property Value
$95,570Estimated Mortgage Balance
$76,430Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,032 /month
Positive
Cash Flow Estimate:
$344 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$365/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,524
$150,683
2025
$15,000
$135,683
$150,683
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,524
$150,683

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$103,875
No
First
Feb 2, 2022
Mar 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$95,570
$76,430
44%
56%
$623/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,310/mo
$623/mo
+$687/mo
9.1%

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.

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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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4300 Phillips Drive | Property Details | No Agent List