1206 E Southeast 2nd AveMineral WellsTX76067
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Mineral Wells at 1206 E Southeast 2nd Ave, Mineral Wells, TX, 76067 uses $48,068 cash to close to unlock $1,603/yr annual cash flow and $134/mo monthly cash flow. Total monthly income runs $1,165/mo, and a $710/mo payment keeps the spread at $134/mo. Purchase price stands at $145,000, and rental yield measures 9.64% with $1,165/mo rent. Return on cash invested shows 23.24% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 122% and total cumulative return in cash records $58,640. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,165/mo property income covering a $710/mo payment rather than investor’s personal income.
Single Family
Built in 1952
5,052 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76067, Mineral Wells, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
8,713
Single Family
8,220
Multi-Family
493
Businesses
676
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Listed by: Haylee Herring • CENTURY 21 Judge Fite Company
Mls Name: NTREIS
Mls ID: #20915567
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.