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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 Italy at 1667 Witten Rd, Italy, TX, 76651 priced at $765,000 converts $4,818/mo rent into after a $3,744/mo obligation. Total monthly income equals $4,818/mo. Return on cash invested prints 17.1% in year one, and rental yield reads 7.56% against a $765,000 entry. Equity gained on principal adds $4,936/yr, while 5% annual appreciation compiles into $211,355 by year five. Five-year ROI reaches 88.95% and total cumulative return in cash sums $223,883. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,818/mo property income covering a $3,744/mo payment, not borrower’s personal income.
Single Family
Built in 2004
5 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76651, Italy, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,300 (100%) |
| Owner Occupied HU | 843 (64.8%) |
| Renter Occupied HU | 359 (27.6%) |
| Vacant Housing Units | 98 ( 7.5%) |
| Median Home Value | $294,492 |
| Average Home Value | $395,569 |
Residential
1,103
Single Family
1,103
Multi-Family
0
Businesses
78
Date | Event | Price |
|---|---|---|
| 2024-11-17 | Price change | $765,000 |
| 2024-10-03 | Price change | $775,000 |
| 2024-09-03 | Price change | $798,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $568,192 | 10.00% |
| 2023-12-27 | $3083.34 | -42.50% | $516,538 | 10.00% |
| 2022-12-27 | $5362.10 | N/A | $469,580 | 10.00% |
Listed by: Jimmy Poarch • Hi View Real Estate
Mls Name: NTREIS
Mls ID: #20663090
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.
