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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 Midlothian at 1053 Summer Grove Dr, Midlothian, TX, 76065 listed at $439,999 pairs $6,456/mo rent with a $2,154/mo payment to leave $3,277/mo cash flow. Total monthly income runs $6,456/mo, and annual cash flow reaches $39,320/yr on $145,860 cash to close. Return on cash invested measures 46.87% in year one, and rental yield registers 17.61% at a $439,999 basis. Equity gained on principal adds $2,839/yr, and annual property appreciation at 5% supports $121,564 by year five. Five-year ROI tracks 248.76% and total cumulative return in cash totals $362,842. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,456/mo property income relative to a $2,154/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
7,405 sqft lot
$N/A/sqft
$600 annually HOA
Neighborhood data shown for ZIP Code: 76065, Midlothian, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,220 (100%) |
| Owner Occupied HU | 15,180 (79.0%) |
| Renter Occupied HU | 3,250 (16.9%) |
| Vacant Housing Units | 790 ( 4.1%) |
| Median Home Value | $430,364 |
| Average Home Value | $474,199 |
Residential
17,533
Single Family
16,402
Multi-Family
1,131
Businesses
1,208
Date | Event | Price |
|---|---|---|
| 2024-07-29 | Price change | $439,999 |
| 2024-07-12 | Price change | $473,999 |
| 2024-05-28 | Listed for sale | $493,031 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $1066.66 | N/A | $52,500 | N/A |
Listed by: Ben Caballero • HomesUSA.com
Mls Name: NTREIS
Mls ID: #20643484
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.
