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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 1400 SE 24th Ave, Mineral Wells, TX, 76067 generates $3,170/mo in rent and, after a $1,248/mo payment, leaves $1,357/mo in cash flow. Total monthly income is $3,170/mo, and annual cash flow is $16,281/yr on $84,533 invested. Return on cash invested sits at 39.17% in year one, and rental yield is 14.92% on a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 207.35% and total cumulative return in cash sums $175,280. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,170/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
0.26 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 |
|---|---|---|
| 2024-07-30 | Price change | $255,000 |
| 2024-07-11 | Price change | $260,000 |
| 2024-06-23 | Price change | $265,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $4063.89 | -33.97% | $251,350 | N/A |
| 2022-08-14 | $6154.43 | 19.72% | $251,350 | 35.30% |
| 2021-08-14 | $5140.69 | 129.44% | $185,770 | 109.79% |
Listed by: Shelby Seay • Seay Real Estate LLC
Mls Name: NTREIS
Mls ID: #20515759
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.
