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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 Flatonia at 118 N Converse St, Flatonia, TX, 78941 offers a 9.53% rental yield on a $185,000 purchase with $1,469/mo rent. Total monthly income registers $1,469/mo, and a $905/mo payment leaves $154/mo available for distribution. Annual cash flow reaches $1,847/yr on $61,328 to close, and return on cash invested stands at 22.92% in year one. Equity gained on principal adds $1,194/yr while 5% annual appreciation supports $51,112 over five years. Portfolio math shows five-year ROI at 120.2% and total cumulative return in cash at $73,719. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,469/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78941, Flatonia, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,569 (100%) |
| Owner Occupied HU | 953 (60.7%) |
| Renter Occupied HU | 188 (12.0%) |
| Vacant Housing Units | 428 (27.3%) |
| Median Home Value | $304,573 |
| Average Home Value | $452,568 |
Residential
1,014
Single Family
1,014
Multi-Family
0
Businesses
160
Date | Event | Price |
|---|---|---|
| 2025-04-16 | Listed for sale | $185,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-16 | N/A | N/A | $81,844 | 10.00% |
| 2023-04-16 | $483.15 | 2.49% | $74,404 | 10.00% |
| 2022-04-16 | $471.42 | 3.18% | $67,640 | 5.54% |
Listed by: Jodie Siptak • Legacy Land Associates
Mls Name: HAR
Mls Provider:
Mls ID: #13604248
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