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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 Palmer at 112 Martinek Ln, Palmer, TX, 75152 offers a 14.28% rental yield on a $649,999 purchase with $7,735/mo rent. Total monthly income registers $7,735/mo, and a $3,181/mo payment leaves $3,113/mo available for distribution. Annual cash flow reaches $37,358/yr on $213,850 to close, and return on cash invested stands at 37.53% in year one. Equity gained on principal adds $4,194/yr while 5% annual appreciation supports $179,583 over five years. Portfolio math shows five-year ROI at 198.53% and total cumulative return in cash at $424,561. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,735/mo property income against a $3,181/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
2.53 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 75152, Palmer, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,051 (100%) |
| Owner Occupied HU | 1,608 (78.4%) |
| Renter Occupied HU | 345 (16.8%) |
| Vacant Housing Units | 98 ( 4.8%) |
| Median Home Value | $326,821 |
| Average Home Value | $412,307 |
Residential
1,933
Single Family
1,933
Multi-Family
0
Businesses
120
Date | Event | Price |
|---|---|---|
| 2024-08-23 | Listed for sale | $649,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-02 | $6363.11 | -12.14% | $490,050 | 10.00% |
| 2022-09-02 | $7242.25 | N/A | $445,500 | 10.00% |
| 2021-09-02 | N/A | N/A | $405,000 | N/A |
Listed by: Faith Mcmas • CENTURY 21 Judge Fite Co.
Mls Name: NTREIS
Mls ID: #20709066
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.
