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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 Mart at 1516 E McLennan Ave, Mart, TX, 76664 offers $1,167/mo rent that, after a $758/mo payment. Total monthly income is $1,167/mo. Return on cash invested measures 19.65% in year one, and rental yield stands at 9.04% at a $154,900 entry. Equity gained on principal adds $1,000/yr while 5% annual appreciation compounds into $42,796 by year five. Five-year ROI records 103.31% and total cumulative return in cash reaches $53,048. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,167/mo property income versus a $758/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1982
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76664, Mart, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,479 (100%) |
| Owner Occupied HU | 924 (62.5%) |
| Renter Occupied HU | 315 (21.3%) |
| Vacant Housing Units | 240 (16.2%) |
| Median Home Value | $207,386 |
| Average Home Value | $270,942 |
Residential
1,287
Single Family
1,287
Multi-Family
0
Businesses
96
Date | Event | Price |
|---|---|---|
| 2024-11-19 | Sold | N/A |
| 2024-01-01 | Listing removed | N/A |
| 2023-06-15 | Listed for sale | $199,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $3495.26 | 12.89% | $216,677 | 10.00% |
| 2023-02-13 | $3096.28 | -17.45% | $196,979 | 10.00% |
| 2022-02-13 | $3750.82 | -0.72% | $179,072 | 10.00% |
Listed by: Eric Zadnik • Premier, REALTORS
Mls Name: WMLS
Mls Provider:
Mls ID: #227722
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Waco Association of Realtors. IDX information is provided exclusively for consumers' 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 deemed reliable but not guaranteed. Copyright 2025 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2025-02-13 05:23:24 PST
