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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% |
Investment property for sale in Mineral Wells at 1303 SE 22nd Ave, Mineral Wells, TX, 76067 offers a 10.83% rental yield on a $250,000 purchase with $2,256/mo rent. Total monthly income registers $2,256/mo, and a $1,224/mo payment leaves $478/mo available for distribution. Annual cash flow reaches $5,734/yr on $82,875 to close, and return on cash invested stands at 26.83% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 141.16% and total cumulative return in cash at $116,986. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,256/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76067, Mineral Wells, TX area.
| 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 |
Residential
8,713
Single Family
8,220
Multi-Family
493
Businesses
676
Date | Event | Price |
|---|---|---|
| 2025-04-24 | Listed for sale | $250,000 |
| 2020-09-01 | Sold | N/A |
| 2020-08-12 | Pending sale | $128,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2020-04-24 | $2423.67 | 2.06% | $133,390 | 10.63% |
| 2019-04-24 | $2374.85 | 2.04% | $120,570 | 4.55% |
| 2018-04-24 | $2327.48 | 1.93% | $115,320 | 6.91% |
Listed by: Justin Dominey • Regal, REALTORS
Mls Name: NTREIS
Mls ID: #20909433
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.
