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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 1505 SW 2nd Ave, Mineral Wells, TX, 76067 offers a 17.59% rental yield on a $115,000 purchase with $1,686/mo rent. Total monthly income registers $1,686/mo, and a $563/mo payment leaves $868/mo available for distribution. Annual cash flow reaches $10,417/yr on $38,123 to close, and return on cash invested stands at 47.23% in year one. Equity gained on principal adds $742/yr while 5% annual appreciation supports $31,772 over five years. Portfolio math shows five-year ROI at 250.71% and total cumulative return in cash at $95,577. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,686/mo property income against a $563/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
9,583 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 |
|---|---|---|
| 2024-07-29 | Listed for sale | $115,000 |
| 2023-08-01 | Sold | N/A |
| 2023-06-07 | Pending sale | $44,700 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $653.56 | -7.22% | $28,770 | N/A |
| 2022-08-14 | $704.45 | 71.19% | $28,770 | 93.48% |
| 2021-08-14 | $411.49 | 4.83% | $14,870 | 10.97% |
Listed by: Samantha Snyder • LPT Realty, LLC.
Mls Name: NTREIS
Mls ID: #20687328
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.
