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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 16904 Mirador Way, Justin, TX, 76247 priced at $515,000 converts $5,743/mo rent into $2,015/mo cash flow after a $2,521/mo obligation. Total monthly income equals $5,743/mo, and annual cash flow totals $24,179/yr on $169,435 invested. Return on cash invested prints 34.33% in year one, and rental yield reads 13.38% against a $515,000 entry. Equity gained on principal adds $3,323/yr, while 5% annual appreciation compiles into $142,285 by year five. Five-year ROI reaches 181.52% and total cumulative return in cash sums $307,561. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,743/mo property income covering a $2,521/mo payment, not borrower’s personal income.
Single Family
Built in 2023
7,797 sqft lot
$N/A/sqft
$393 semi-annually 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 |
|---|---|---|
| 2024-08-17 | Listed for sale | $515,000 |
| 2024-03-06 | Sold | N/A |
| 2024-02-09 | Pending sale | $504,990 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Caroline Harris • Compass RE Texas, LLC
Mls Name: NTREIS
Mls ID: #20705695
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.
