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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 Ballinger at 1200 N 8th St, Ballinger, TX, 76821 offers $630/mo rent that, after a $766/mo payment. Total monthly income is $630/mo. Return on cash invested measures 8.74% in year one, and rental yield stands at 4.83% at a $156,500 entry. Equity gained on principal adds $1,010/yr while 5% annual appreciation compounds into $43,238 by year five. Five-year ROI records 44.24% and total cumulative return in cash reaches $22,951. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $630/mo property income versus a $766/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
8,189 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76821, Ballinger, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,283 (100%) |
| Owner Occupied HU | 1,384 (60.6%) |
| Renter Occupied HU | 427 (18.7%) |
| Vacant Housing Units | 472 (20.7%) |
| Median Home Value | $115,526 |
| Average Home Value | $148,624 |
Residential
1,943
Single Family
1,921
Multi-Family
22
Businesses
283
Date | Event | Price |
|---|---|---|
| 2024-08-12 | Listed for sale | $156,500 |
| 2024-08-02 | Listing removed | N/A |
| 2024-07-18 | Listed for sale | $156,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-31 | $1542.49 | 62.20% | $71,370 | 20.42% |
| 2022-08-31 | $951.00 | -11.93% | $59,270 | 5.31% |
| 2021-08-31 | $1079.87 | N/A | $56,280 | 2.94% |
Listed by: Stephen Beal • BP Residential, LLC
Mls Name: San Angelo AOR
Mls Provider:
Mls ID: #118962
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.
