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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 Newark at 162 Switchback Hill Rd, Newark, TX, 76071 listed at $319,900 pairs $3,911/mo rent with a $1,566/mo payment to leave $1,636/mo cash flow. Total monthly income runs $3,911/mo, and annual cash flow reaches $19,631/yr on $106,047 cash to close. Return on cash invested measures 38.42% in year one, and rental yield registers 14.67% at a $319,900 basis. Equity gained on principal adds $2,064/yr, and annual property appreciation at 5% supports $88,382 by year five. Five-year ROI tracks 203.32% and total cumulative return in cash totals $215,612. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,911/mo property income relative to a $1,566/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2022
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76071, Newark, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,774 (100%) |
| Owner Occupied HU | 2,305 (83.1%) |
| Renter Occupied HU | 310 (11.2%) |
| Vacant Housing Units | 159 ( 5.7%) |
| Median Home Value | $314,831 |
| Average Home Value | $314,008 |
Residential
1,845
Single Family
1,818
Multi-Family
27
Businesses
108
Date | Event | Price |
|---|---|---|
| 2024-07-25 | Price change | $319,900 |
| 2024-07-10 | Price change | $332,500 |
| 2024-06-19 | Price change | $342,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $963.88 | N/A | $315,820 | 857.58% |
| 2022-08-14 | N/A | N/A | $32,981 | 2014.17% |
| 2021-08-14 | $27.14 | N/A | $1,560 | N/A |
Listed by: Bridgette Murphey • Atlas Real Estate of TX, LLC
Mls Name: NTREIS
Mls ID: #20628033
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.
