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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% |
Investment property for sale in Kemp at 1030 Magnolia Mound, Kemp, TX, 75143 listed at $116,999 pairs $936/mo rent with a $573/mo payment to leave $104/mo cash flow. Total monthly income runs $936/mo, and annual cash flow reaches $1,244/yr on $38,785 cash to close. Return on cash invested measures 23.12% in year one, and rental yield registers 9.6% at a $116,999 basis. Equity gained on principal adds $755/yr, and annual property appreciation at 5% supports $32,325 by year five. Five-year ROI tracks 121.32% and total cumulative return in cash totals $47,053. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $936/mo property income relative to a $573/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2015
1.29 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 75143, Kemp, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,606 (100%) |
| Owner Occupied HU | 4,722 (62.1%) |
| Renter Occupied HU | 1,406 (18.5%) |
| Vacant Housing Units | 1,478 (19.4%) |
| Median Home Value | $251,256 |
| Average Home Value | $302,938 |
Residential
6,852
Single Family
6,852
Multi-Family
0
Businesses
410
Date | Event | Price |
|---|---|---|
| 2025-01-03 | Price change | $116,999 |
| 2024-12-10 | Price change | $119,999 |
| 2024-12-03 | Price change | $124,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $1147.97 | 0.25% | $71,606 | N/A |
| 2023-02-13 | $1145.11 | 66.79% | $71,606 | 90.27% |
| 2022-02-13 | $686.56 | 13.47% | $37,634 | 20.59% |
Listed by: Edward Mcclintick • Joseph Walter Realty, LLC
Mls Name: NTREIS
Mls ID: #20784761
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
