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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 Iredell at 12690 Highway 6, Iredell, TX, 76649 generates $2,356/mo in rent, after a $7,831/mo payment. Total monthly income is $2,356/mo. Return on cash invested sits at -0.51% in year one, and rental yield is 1.77% on a $1,600,000 entry. Equity gained on principal adds $10,325/yr, while 5% annual appreciation builds toward $442,051 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,356/mo property income rather than buyer’s personal income.
Apartment
Built in 1980
50.68 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76649, Iredell, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 469 (100%) |
| Owner Occupied HU | 264 (56.3%) |
| Renter Occupied HU | 49 (10.4%) |
| Vacant Housing Units | 156 (33.3%) |
| Median Home Value | $188,636 |
| Average Home Value | $222,661 |
Residential
277
Single Family
277
Multi-Family
0
Businesses
34
Date | Event | Price |
|---|---|---|
| 2024-11-26 | Listed for sale | $1,600,000 |
| 2024-02-13 | Sold | N/A |
| 2024-01-28 | Pending sale | $1,295,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-27 | $3935.50 | -3.28% | $293,867 | -1.12% |
| 2022-12-27 | $4069.10 | 6.26% | $297,188 | -10.78% |
| 2021-12-27 | $3829.48 | 1.93% | $333,097 | 40.86% |
Listed by: Bailey Groves • Texas Real Estate Twins
Mls Name: NTREIS
Mls ID: #20772151
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.
