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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 Justin at 1617 Carolina Ridge Way, Justin, TX, 76247 generates $3,088/mo in rent and, after a $1,542/mo payment, leaves $814/mo in cash flow. Total monthly income is $3,088/mo, and annual cash flow is $9,773/yr on $104,423 invested. Return on cash invested sits at 29.27% in year one, and rental yield is 11.76% on a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 154.41% and total cumulative return in cash sums $161,237. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,088/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
5,662 sqft lot
$N/A/sqft
$100 quarterly HOA
Neighborhood data shown for ZIP Code: 76247, Justin, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,121 (100%) |
| Owner Occupied HU | 9,700 (80.0%) |
| Renter Occupied HU | 1,582 (13.1%) |
| Vacant Housing Units | 839 ( 6.9%) |
| Median Home Value | $438,515 |
| Average Home Value | $491,845 |
Residential
10,759
Single Family
10,453
Multi-Family
306
Businesses
404
Date | Event | Price |
|---|---|---|
| 2025-03-27 | Listed for sale | $315,000 |
| 2016-12-02 | Listing removed | $189,900 |
| 2016-11-18 | Pending sale | $189,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-27 | $2864.34 | 16.60% | $305,692 | 10.00% |
| 2023-03-27 | $2456.60 | -24.39% | $277,902 | 10.00% |
| 2022-03-27 | $3249.00 | 2.56% | $252,638 | 10.00% |
Listed by: Beth Brake • Keller Williams Realty-FM
Mls Name: NTREIS
Mls ID: #20877379
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.
