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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 Springtown at 129 Salt Flat Ct, Springtown, TX, 76082 priced at $299,000 converts $1,867/mo rent into after a $1,463/mo obligation. Total monthly income equals $1,867/mo. Return on cash invested prints 16.78% in year one, and rental yield reads 7.49% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 87.28% and total cumulative return in cash sums $86,506. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,867/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Manufactured
Built in 1999
6.59 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76082, Springtown, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,102 (100%) |
| Owner Occupied HU | 7,143 (78.5%) |
| Renter Occupied HU | 1,423 (15.6%) |
| Vacant Housing Units | 536 ( 5.9%) |
| Median Home Value | $347,703 |
| Average Home Value | $447,119 |
Residential
9,245
Single Family
9,186
Multi-Family
59
Businesses
598
Date | Event | Price |
|---|---|---|
| 2025-05-18 | Listed for sale | $299,000 |
| 2025-02-21 | Sold | N/A |
| 2025-02-20 | Pending sale | $185,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-18 | $2782.57 | -6.15% | $205,760 | N/A |
| 2023-05-18 | $2964.94 | 22.76% | $205,760 | 43.36% |
| 2022-05-18 | $2415.30 | -2.01% | $143,530 | N/A |
Listed by: Penelope Pardue • Scopen Realty Group
Mls Name: NTREIS
Mls ID: #20936471
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.
