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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 Millsap at 1040 Resolute Rd, Millsap, TX, 76066 priced at $484,000 converts $4,759/mo rent into $1,317/mo cash flow after a $2,369/mo obligation. Total monthly income equals $4,759/mo, and annual cash flow totals $15,806/yr on $160,446 invested. Return on cash invested prints 29.76% in year one, and rental yield reads 11.8% against a $484,000 entry. Equity gained on principal adds $3,123/yr, while 5% annual appreciation compiles into $133,720 by year five. Five-year ROI reaches 156.9% and total cumulative return in cash sums $251,736. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,759/mo property income covering a $2,369/mo payment, not borrower’s personal income.
Single Family
Built in 2021
1 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76066, Millsap, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,848 (100%) |
| Owner Occupied HU | 1,410 (76.3%) |
| Renter Occupied HU | 285 (15.4%) |
| Vacant Housing Units | 153 ( 8.3%) |
| Median Home Value | $373,667 |
| Average Home Value | $405,397 |
Residential
1,678
Single Family
1,678
Multi-Family
0
Businesses
122
Date | Event | Price |
|---|---|---|
| 2024-08-02 | Price change | $484,000 |
| 2024-06-13 | Listed for sale | $489,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Lisa Neifert • CCS Realty Group
Mls Name: NTREIS
Mls ID: #20644561
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.
