1405 SE 8 1/2 StMineral WellsTX76067
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Mineral Wells at 1405 SE 8 1/2 St, Mineral Wells, TX, 76067 offers a 9.51% rental yield on a $174,500 purchase with $1,383/mo rent. Total monthly income registers $1,383/mo, and a $854/mo payment leaves $142/mo available for distribution. Annual cash flow reaches $1,706/yr on $57,847 to close, and return on cash invested stands at 22.86% in year one. Equity gained on principal adds $1,126/yr while 5% annual appreciation supports $48,211 over five years. Portfolio math shows five-year ROI at 119.93% and total cumulative return in cash at $69,378. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,383/mo property income against a $854/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76067, Mineral Wells, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
8,713
Single Family
8,220
Multi-Family
493
Businesses
676
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Listed by: Jenna Sims • Cornerstone Home and Ranch
Mls Name: NTREIS
Mls ID: #21072383