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$100,000

605 Van Buren St, Wichita Falls, TX, 76301

Off MarketInfo
CommercialInfo
Beds1 Beds
Baths1 Bath
Baths780 Sq Ft
Multi FamilyMulti Family
Year BuiltBuilt in 1955

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
AppliancesGas Range, Gas Water Heater
FlooringCarpet, Vinyl

Exterior

Lot Size10,001 sqft

Building Information

Year Built1955
Roof Type105

Land Information

APN3730 050 00
Lot Number16,17
SubdivisionTrueheart 10
Land UseResidential
Legal DescriptionLOT 16A REPLAT S100' LOTS 16-17 BLK 2 TRUEHEART 10
Census Tract011000
Assessed Land Value$11,250
Assessed Improvement Value$41,205
Assessment Year2025

About this property

Property includes 3 separate buildings all on one parcel, 605 Van Buren, 607 Van Buren and 607 Van Buren Rear. This property offers the potential for day one cashflow being fully occupied currently getting $2025.00 total monthly rent. 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
$80,000
Estimated Property Value
$61,500Estimated Mortgage Balance
$18,946Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$600 /month
Positive
Cash Flow Estimate:
$200 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$134/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,208
$52,455
2025
$11,250
$41,205
$52,455
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,208
$52,455

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
General Mortgage Capital Corp
Unknown
$61,500
No
First
Dec 4, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$61,054
$18,946
23%
76%
$369/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$771/mo
$369/mo
+$402/mo
11.6%

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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