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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Mathis at 101 Zenna Dr, Mathis, TX, 78368 priced at $349,000 converts $4,654/mo rent into $2,168/mo cash flow after a $1,708/mo obligation. Total monthly income equals $4,654/mo, and annual cash flow totals $26,016/yr on $115,694 invested. Return on cash invested prints 42.4% in year one, and rental yield reads 16% against a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation compiles into $96,422 by year five. Five-year ROI reaches 224.64% and total cumulative return in cash sums $259,896. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,654/mo property income covering a $1,708/mo payment, not borrower’s personal income.
Single Family
Built in 1978
0.57 Acres lot
$N/A/sqft
$53 annually HOA
Neighborhood data shown for ZIP Code: 78368, Mathis, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,364 (100%) |
| Owner Occupied HU | 2,565 (58.8%) |
| Renter Occupied HU | 827 (19.0%) |
| Vacant Housing Units | 972 (22.3%) |
| Median Home Value | $131,852 |
| Average Home Value | $181,989 |
Residential
3,612
Single Family
3,509
Multi-Family
103
Businesses
252
Date | Event | Price |
|---|---|---|
| 2024-05-25 | Listed for sale | $349,000 |
| 2018-12-28 | Listing removed | $1,500 |
| 2018-12-03 | Listing removed | $205,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-16 | $1554.58 | 9.73% | $257,799 | 18.99% |
| 2022-08-16 | $1416.69 | -2.18% | $216,660 | 1.04% |
| 2021-08-16 | $1448.26 | 27.03% | $214,422 | 29.59% |
Listed by: Arlene Minar • KW Coastal Bend - Island
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #442084
Disclaimer: Based on information from South Texas MLS, LLC as of 2024-02-06 10:12:13 PST. All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein AS IS and without any warranty, express or implied. MLS aggregate data is a copyright of Texas Association of REALTORS (TAR) and that the reader may not reproduce or distribute the MLS aggregate data.
