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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 1402 SE 22nd St, Mineral Wells, TX, 76067 listed at $231,000 pairs $1,727/mo rent with a $1,131/mo payment to leave $84/mo cash flow. Total monthly income runs $1,727/mo, and annual cash flow reaches $1,007/yr on $76,577 cash to close. Return on cash invested measures 21.22% in year one, and rental yield registers 8.97% at a $231,000 basis. Equity gained on principal adds $1,491/yr, and annual property appreciation at 5% supports $63,821 by year five. Five-year ROI tracks 111.1% and total cumulative return in cash totals $85,077. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,727/mo property income relative to a $1,131/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1968
7,797 sqft 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 |
|---|---|---|
| 2025-06-04 | Contingent | $231,000 |
| 2025-04-04 | Price change | $231,000 |
| 2025-02-06 | Price change | $236,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-01 | $998.10 | 4.02% | $208,770 | 7.43% |
| 2023-07-01 | $959.50 | -32.00% | $194,340 | N/A |
| 2022-07-01 | $1410.95 | -1.09% | $194,340 | 33.17% |
Listed by: Garry Weatherford • Cornerstone Home and Ranch
Mls Name: NTREIS
Mls ID: #20686417
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.
