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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 Springtown at 116 Joe Newsom Ct, Springtown, TX, 76082 offers $3,982/mo rent that, after a $2,740/mo payment, leaves $1/mo cash flow. Total monthly income is $3,982/mo, and annual cash flow is $11/yr on $184,207 cash. Return on cash invested measures 20.07% in year one, and rental yield stands at 8.53% at a $559,900 entry. Equity gained on principal adds $3,613/yr while 5% annual appreciation compounds into $154,690 by year five. Five-year ROI records 104.86% and total cumulative return in cash reaches $193,162. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,982/mo property income versus a $2,740/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76082, Springtown, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,102 (100%) |
| Owner Occupied HU | 7,143 (78.5%) |
| Renter Occupied HU | 1,423 (15.6%) |
| Vacant Housing Units | 536 ( 5.9%) |
| Median Home Value | $347,703 |
| Average Home Value | $447,119 |
Residential
9,245
Single Family
9,186
Multi-Family
59
Businesses
598
Date | Event | Price |
|---|---|---|
| 2024-07-01 | Price change | $559,900 |
| 2024-06-12 | Listed for sale | $565,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $4363.71 | -22.53% | $551,420 | 56.93% |
| 2022-08-14 | $5632.70 | -1.31% | $351,370 | N/A |
| 2021-08-14 | $5707.35 | -0.00% | $351,370 | 12.96% |
Listed by: Kelli Boyd • Williams Trew Real Estate
Mls Name: NTREIS
Mls ID: #20624757
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.
