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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 1506 County Road 306 #A, Rainbow, TX, 76077 listed at $599,000 pairs $2,832/mo rent with a $2,932/mo payment. Total monthly income runs $2,832/mo. Return on cash invested measures 11.34% in year one, and rental yield registers 5.67% at a $599,000 basis. Equity gained on principal adds $3,865/yr, and annual property appreciation at 5% supports $165,493 by year five. Five-year ROI tracks 58.08% and total cumulative return in cash totals $114,466. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,832/mo property income relative to a $2,932/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2008
5 Acres lot
$N/A/sqft
$60 annually 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 |
|---|---|---|
| 2024-10-21 | Price change | $599,000 |
| 2024-10-03 | Price change | $619,000 |
| 2024-09-30 | Listed for sale | $629,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-22 | $1879.81 | -34.66% | $516,940 | 5.08% |
| 2022-10-22 | $2877.18 | -1.51% | $491,940 | 41.99% |
| 2021-10-22 | $2921.29 | 2.73% | $346,450 | 22.47% |
Listed by: Gayla Reynolds • Pinnacle Realty Advisors
Mls Name: NTREIS
Mls ID: #20553103
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.
