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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 Elm Mott at 117 Oak Forest Dr, Elm Mott, TX, 76640 generates $2,597/mo in rent and, after a $1,415/mo payment, leaves $541/mo in cash flow. Total monthly income is $2,597/mo, and annual cash flow is $6,497/yr on $95,804 invested. Return on cash invested sits at 26.69% in year one, and rental yield is 10.78% on a $289,000 entry. Equity gained on principal adds $1,865/yr, while 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 140.44% and total cumulative return in cash sums $134,546. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,597/mo property income rather than buyer’s personal income.
Single Family
Built in 1969
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76640, Elm Mott, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,333 (100%) |
| Owner Occupied HU | 984 (73.8%) |
| Renter Occupied HU | 241 (18.1%) |
| Vacant Housing Units | 108 ( 8.1%) |
| Median Home Value | $293,684 |
| Average Home Value | $314,433 |
Residential
1,091
Single Family
1,091
Multi-Family
0
Businesses
188
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Julia Smith • Greater Waco Realty, LLC
Mls Name: NTREIS
Mls ID: #20964292
