1715 N Oak AveMineral WellsTX76067
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Mineral Wells at 1715 N Oak Ave, Mineral Wells, TX, 76067 priced at $261,500 pairs $2,052/mo rent with $120/mo cash flow after a $1,280/mo payment. Total monthly income equals $2,052/mo, and annual cash flow comes to $1,435/yr on $86,687 invested. Return on cash invested is 21.56% in year one, and rental yield stands at 9.42% on a $261,500 basis. Equity gained on principal adds $1,687/yr, and 5% annual appreciation accumulates to $72,248 by year five. Five-year ROI measures 113.31% and total cumulative return in cash reaches $98,228. For financing, Ziffy Mortgage’s DSCR program evaluates $2,052/mo property income against a $1,280/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
6,490 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76067, Mineral Wells, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,166 (100%) |
| Owner Occupied HU | 5,343 (58.3%) |
| Renter Occupied HU | 2,995 (32.7%) |
| Vacant Housing Units | 828 ( 9.0%) |
| Median Home Value | $176,632 |
| Average Home Value | $235,364 |
Housing Distribution
Address Breakdown
Residential
8,713
Single Family
8,220
Multi-Family
493
Businesses
676
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tracy Dyhre • WILLIAM DAVIS REALTY FRISCO
Mls Name: NTREIS
Mls ID: #20901954
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.