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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 Rainbow at 1364 County Road 316, Rainbow, TX, 76077 offers a 0.69% rental yield on a $1,990,000 purchase with $1,140/mo rent. 85% in year one. Equity gained on principal adds $12,841/yr while 5% annual appreciation supports $549,800 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,140/mo property income against a $9,740/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 2025
1.15 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76077, Rainbow, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 326 (100%) |
| Owner Occupied HU | 233 (71.5%) |
| Renter Occupied HU | 46 (14.1%) |
| Vacant Housing Units | 47 (14.4%) |
| Median Home Value | $578,125 |
| Average Home Value | $863,487 |
Residential
151
Single Family
151
Multi-Family
0
Businesses
35
Date | Event | Price |
|---|---|---|
| 2025-05-05 | Listed for sale | $1,990,000 |
| 2025-05-01 | Listing removed | $2,400,000 |
| 2025-01-09 | Listed for sale | $2,400,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-05-06 | $3446.17 | -1.80% | $227,680 | 10.27% |
| 2022-05-06 | $3509.21 | 11.31% | $206,480 | 15.02% |
| 2021-05-06 | $3152.78 | 19.72% | $179,520 | 19.96% |
Listed by: Julie Crimmins • NB Elite Realty
Mls Name: NTREIS
Mls ID: #20926400
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.
