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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 106 W Fulton St, Mathis, TX, 78368 priced at $374,900 converts $1,260/mo rent into after a $1,835/mo obligation. Total monthly income equals $1,260/mo. Return on cash invested prints 6.33% in year one, and rental yield reads 4.03% against a $374,900 entry. Equity gained on principal adds $2,419/yr, while 5% annual appreciation compiles into $103,578 by year five. Five-year ROI reaches 31.24% and total cumulative return in cash sums $38,827. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,260/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Multi Family
Built in 1946
6,500 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| 2024-09-20 | Price change | $374,900 |
| 2024-07-19 | Price change | $397,000 |
| 2024-06-11 | Price change | $425,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-23 | $1798.12 | -0.02% | $113,111 | 2.49% |
| 2022-10-23 | $1798.50 | 19.26% | $110,359 | 20.98% |
| 2021-10-23 | $1508.03 | 140.25% | $91,222 | 44.43% |
Listed by: Richard Hernandez • Cass Real Estate
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #442352
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.
