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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 Mineral Wells at 1202 SW 11th Ave, Mineral Wells, TX, 76067 generates $1,539/mo in rent and, after a $978/mo payment, leaves $118/mo in cash flow. Total monthly income is $1,539/mo, and annual cash flow is $1,415/yr on $66,267 invested. Return on cash invested sits at 22.04% in year one, and rental yield is 9.24% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 115.5% and total cumulative return in cash sums $76,537. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,539/mo property income rather than buyer’s personal income.
Single Family
Built in 1948
9,147 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 |
|---|---|---|
| 2025-05-03 | Listed for sale | $199,900 |
| 2024-07-22 | Sold | N/A |
| 2024-07-20 | Pending sale | $80,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-04 | $1279.20 | 15.35% | $60,280 | 23.47% |
| 2023-05-04 | $1109.00 | -5.80% | $48,820 | 1.54% |
| 2022-05-04 | $1177.26 | 53.31% | $48,080 | 73.26% |
Listed by: Renee Hudnell • Cornerstone Home and Ranch
Mls Name: NTREIS
Mls ID: #20924595
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.
