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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 Mineral Wells at 1202 SE 21st St, Mineral Wells, TX, 76067 uses $66,267 cash to close to unlock $3,221/yr annual cash flow and $268/mo monthly cash flow. Total monthly income runs $1,746/mo, and a $978/mo payment keeps the spread at $268/mo. Purchase price stands at $199,900, and rental yield measures 10.48% with $1,746/mo rent. Return on cash invested shows 24.77% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 130.53% and total cumulative return in cash records $86,497. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,746/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1964
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76067, Mineral Wells, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,166 (100%) |
| Owner Occupied HU | 5,343 (58.3%) |
| Renter Occupied HU | 2,995 (32.7%) |
| Vacant Housing Units | 828 ( 9.0%) |
| Median Home Value | $176,632 |
| Average Home Value | $235,364 |
Residential
8,713
Single Family
8,220
Multi-Family
493
Businesses
676
Date | Event | Price |
|---|---|---|
| 2024-12-17 | Listed for sale | $199,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-12 | $3995.44 | 4.01% | $182,980 | 8.20% |
| 2023-02-12 | $3841.56 | -7.23% | $169,110 | N/A |
| 2022-02-12 | $4140.74 | 17.83% | $169,110 | 33.17% |
Listed by: David Wilson • Mission Real Estate Group
Mls Name: NTREIS
Mls ID: #20787611
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.
