206 Bateman, Meridian, TX, 76665 | $94/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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206 Bateman, Meridian, TX, 76665 | $94/mo Cash Flow | Ziffy

For Sale

Airbnb Potential

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Meridian at 206 Bateman, Meridian, TX, 76665 priced at $195,000 converts $1,480/mo rent into $94/mo cash flow after a $954/mo obligation. Total monthly income equals $1,480/mo, and annual cash flow totals $1,125/yr on $64,643 invested. Return on cash invested prints 21.65% in year one, and rental yield reads 9.11% against a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation compiles into $53,875 by year five. Five-year ROI reaches 113.38% and total cumulative return in cash sums $73,294. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,480/mo property income covering a $954/mo payment, not borrower’s personal income.

Single Family

Built in 1950

8,755 sqft lot

$N/A/sqft

No HOA

More details about the property

Step into classic small-town Texas living with this well-kept 1950s 2-bed, 1-bath home located just moments from the historic Meridian courthouse square. This property blends vintage character with everyday comfort, offering an ideal opportunity for a first-time buyer, downsizer, or investor looking to be close to all that downtown Meridian has. Inside, youll find a cozy layout with warm natural light, original mid-century touches, and plenty of potential to make it your own. The kitchen and living areas feel inviting and functionalperfect for simple living or weekend getaways. The primary bedroom features a massive walk in closet! Outside, the property shines with a detached garage, a spacious carport, and room for projects, storage, or covered parking. The yard is manageable and charming, giving you space to garden, relax, or entertain. If youve been looking for an affordable home with character, convenience, and small-town charm, this is the one.

Neighborhood Data

Neighborhood data shown for ZIP Code: 76665, Meridian, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,208 (100%)
Owner Occupied HU	735 (60.8%)
Renter Occupied HU	262 (21.7%)
Vacant Housing Units	211 (17.5%)
Median Home Value	$184,028
Average Home Value	$338,017