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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 Smithville at 121 Redbird Ln, Smithville, TX, 78957 priced at $199,000 pairs $1,484/mo rent with $69/mo cash flow after a $974/mo payment. Total monthly income equals $1,484/mo, and annual cash flow comes to $827/yr on $65,969 invested. Return on cash invested is 21.16% in year one, and rental yield stands at 8.95% on a $199,000 basis. Equity gained on principal adds $1,284/yr, and 5% annual appreciation accumulates to $54,980 by year five. Five-year ROI measures 110.77% and total cumulative return in cash reaches $73,074. For financing, Ziffy Mortgage’s DSCR program evaluates $1,484/mo property income against a $974/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1990
1 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78957, Smithville, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,292 (100%) |
| Owner Occupied HU | 3,461 (65.4%) |
| Renter Occupied HU | 1,103 (20.8%) |
| Vacant Housing Units | 728 (13.8%) |
| Median Home Value | $324,812 |
| Average Home Value | $406,026 |
Residential
4,275
Single Family
4,233
Multi-Family
42
Businesses
344
Date | Event | Price |
|---|---|---|
| 2025-05-06 | Listed for sale | $199,000 |
| 2025-04-01 | Listing removed | $210,000 |
| 2025-03-07 | Listed for rent | $1,675 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-06 | $2635.18 | -4.18% | $195,888 | -3.05% |
| 2023-05-06 | $2750.16 | -12.53% | $202,049 | -3.13% |
| 2022-05-06 | $3144.21 | 11.85% | $208,571 | 27.79% |
Listed by: Josefina Lopez • Varela Properties
Mls Name: Unlock MLS
Mls Provider:
Mls ID: #2852716
Disclaimer: Based on information from Unlock MLS (alternatively, from ACTRIS) for the period through 2025-05-06 08:44:44 PDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#27)
