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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 Midlothian at 1118 Timber Ridge Dr, Midlothian, TX, 76065 priced at $649,000 converts $4,020/mo rent into after a $3,177/mo obligation. Total monthly income equals $4,020/mo. Return on cash invested prints 16.47% in year one, and rental yield reads 7.43% against a $649,000 entry. Equity gained on principal adds $4,188/yr, while 5% annual appreciation compiles into $179,307 by year five. Five-year ROI reaches 85.66% and total cumulative return in cash sums $182,904. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,020/mo property income covering a $3,177/mo payment, not borrower’s personal income.
Single Family
Built in 2024
10,206 sqft lot
$N/A/sqft
$525 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 |
|---|---|---|
| 2024-07-13 | Price change | $649,000 |
| 2024-07-12 | Price change | $659,000 |
| 2024-07-02 | Price change | $509,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $1300.31 | N/A | $64,000 | N/A |
Listed by: Marsha Ashlock • Visions Realty & Investments
Mls Name: NTREIS
Mls ID: #20637042
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.
