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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 Groesbeck at 1987 Highway 164 W, Groesbeck, TX, 76642 generates $1,816/mo in rent and, after a $918/mo payment, leaves $482/mo in cash flow. Total monthly income is $1,816/mo, and annual cash flow is $5,788/yr on $62,156 invested. Return on cash invested sits at 29.22% in year one, and rental yield is 11.62% on a $187,500 entry. Equity gained on principal adds $1,210/yr, while 5% annual appreciation builds toward $51,803 over five years. Five-year ROI reaches 154.04% and total cumulative return in cash sums $95,743. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,816/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76642, Groesbeck, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,137 (100%) |
| Owner Occupied HU | 1,869 (59.6%) |
| Renter Occupied HU | 597 (19.0%) |
| Vacant Housing Units | 671 (21.4%) |
| Median Home Value | $228,822 |
| Average Home Value | $332,311 |
Residential
2,698
Single Family
2,697
Multi-Family
1
Businesses
349
Date | Event | Price |
|---|---|---|
| 2025-06-02 | Price change | $187,500 |
| 2025-04-16 | Listed for sale | $197,500 |
| 2025-02-05 | Pending sale | $197,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-02 | $1401.64 | 39.09% | $80,730 | 46.22% |
| 2023-06-02 | $1007.70 | 18.49% | $55,210 | 42.96% |
| 2022-06-02 | $850.44 | 4.13% | $38,620 | 6.77% |
Listed by: Brittany Jackson • Jackson Ranch & Realty LLC
Mls Name: NTREIS
Mls ID: #20954419
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.
