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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 1301 NE 2nd St, Smithville, TX, 78957 priced at $293,000 converts $2,266/mo rent into $183/mo cash flow after a $1,434/mo obligation. Total monthly income equals $2,266/mo, and annual cash flow totals $2,190/yr on $97,130 invested. Return on cash invested prints 22.16% in year one, and rental yield reads 9.28% against a $293,000 entry. Equity gained on principal adds $1,891/yr, while 5% annual appreciation compiles into $80,951 by year five. Five-year ROI reaches 116.14% and total cumulative return in cash sums $112,810. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,266/mo property income covering a $1,434/mo payment, not borrower’s personal income.
Single Family
Built in 1998
6,751 sqft 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 |
|---|---|---|
| 2025-08-08 | Listing removed | $285,000 |
| 2025-07-13 | Contingent | $285,000 |
| 2025-04-03 | Price change | $299,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2025-10-08 | N/A | N/A | $210,976 | -19.04% |
| 2024-10-08 | $4095.36 | 15.20% | $260,578 | 10.00% |
| 2023-10-08 | $3555.01 | N/A | $236,889 | 29.03% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
