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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 Newark at 1063 Central Ave, Newark, TX, 76071 priced at $339,000 converts $2,689/mo rent into $279/mo cash flow after a $1,659/mo obligation. Total monthly income equals $2,689/mo, and annual cash flow totals $3,343/yr on $112,379 invested. Return on cash invested prints 22.88% in year one, and rental yield reads 9.52% against a $339,000 entry. Equity gained on principal adds $2,188/yr, while 5% annual appreciation compiles into $93,659 by year five. Five-year ROI reaches 120.02% and total cumulative return in cash sums $134,872. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,689/mo property income covering a $1,659/mo payment, not borrower’s personal income.
Single Family
Built in 1976
0.71 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76071, Newark, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,774 (100%) |
| Owner Occupied HU | 2,305 (83.1%) |
| Renter Occupied HU | 310 (11.2%) |
| Vacant Housing Units | 159 ( 5.7%) |
| Median Home Value | $314,831 |
| Average Home Value | $314,008 |
Residential
1,845
Single Family
1,818
Multi-Family
27
Businesses
108
Date | Event | Price |
|---|---|---|
| 2024-12-19 | Listed for sale | $339,000 |
| 2024-10-11 | Listing removed | $349,000 |
| 2024-10-01 | Price change | $349,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $266,015 | 0.61% |
| 2023-12-27 | $806.94 | N/A | $264,395 | 14.26% |
| 2022-12-27 | N/A | N/A | $231,399 | 25.76% |
Listed by: Marilyn Read • PREFERRED PROPERTIES
Mls Name: NTREIS
Mls ID: #20800093
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.
