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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 Mineral Wells at 1305 NW 1st Ave, Mineral Wells, TX, 76067 priced at $235,000 converts $2,328/mo rent into $657/mo cash flow after a $1,150/mo obligation. Total monthly income equals $2,328/mo, and annual cash flow totals $7,885/yr on $77,903 invested. Return on cash invested prints 30.03% in year one, and rental yield reads 11.89% against a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation compiles into $64,926 by year five. Five-year ROI reaches 158.37% and total cumulative return in cash sums $123,376. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,328/mo property income covering a $1,150/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.50 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 |
|---|---|---|
| 2024-10-15 | Listed for sale | $235,000 |
| 2024-10-12 | Contingent | $239,900 |
| 2024-07-13 | Price change | $239,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-22 | $2856.05 | -32.03% | $171,610 | N/A |
| 2022-10-22 | $4201.96 | 35.40% | $171,610 | 53.02% |
| 2021-10-22 | $3103.46 | 37.13% | $112,150 | 45.16% |
Listed by: Reagan Stice • Ultima Real Estate Services
Mls Name: NTREIS
Mls ID: #20564074
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.
