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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 Groesbeck at 106 Frost Creek Ave, Groesbeck, TX, 76642 offers a 8.18% rental yield on a $175,000 purchase with $1,193/mo rent. 84% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,349 over five years. Portfolio math shows five-year ROI at 98.39% and total cumulative return in cash at $57,079. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,193/mo property income against a $857/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1981
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76642, Groesbeck, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,137 (100%) |
| Owner Occupied HU | 1,869 (59.6%) |
| Renter Occupied HU | 597 (19.0%) |
| Vacant Housing Units | 671 (21.4%) |
| Median Home Value | $228,822 |
| Average Home Value | $332,311 |
Residential
2,698
Single Family
2,697
Multi-Family
1
Businesses
349
Date | Event | Price |
|---|---|---|
| 2024-09-23 | Listed for sale | $175,000 |
| 2024-09-08 | Pending sale | $175,000 |
| 2024-09-03 | Price change | $175,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $2838.88 | -24.52% | $177,023 | 10.00% |
| 2023-02-13 | $3761.09 | 24.10% | $160,930 | 47.32% |
| 2022-02-13 | $3030.64 | 86.22% | $109,240 | -3.25% |
Listed by: Lisa Jones • Realty Plus - Groesbeck
Mls Name: WMLS
Mls Provider:
Mls ID: #224266
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Waco Association of Realtors. IDX information is provided exclusively for consumers' 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 deemed reliable but not guaranteed. Copyright 2025 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2025-02-13 04:53:25 PST
