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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 Mineral Wells at 2101 SE 23rd Ave, Mineral Wells, TX, 76067 generates $2,400/mo in rent and, after a $1,370/mo payment, leaves $353/mo in cash flow. Total monthly income is $2,400/mo, and annual cash flow is $4,237/yr on $92,820 invested. Return on cash invested sits at 24.47% in year one, and rental yield is 10.29% on a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 128.84% and total cumulative return in cash sums $119,589. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,400/mo property income rather than buyer’s personal income.
Single Family
Built in 1966
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76067, Mineral Wells, TX area.
| 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 |
Residential
8,713
Single Family
8,220
Multi-Family
493
Businesses
676
Date | Event | Price |
|---|---|---|
| 2024-12-16 | Listed for sale | $280,000 |
| 2024-11-04 | Contingent | $280,000 |
| 2024-08-01 | Price change | $280,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | $5321.71 | 1.52% | $243,720 | 5.62% |
| 2023-12-27 | $5242.02 | -0.94% | $230,760 | 6.78% |
| 2022-12-27 | $5291.56 | 19.75% | $216,110 | 35.34% |
Listed by: Becky Richards • SOURCE 1 REAL ESTATE - Mineral Wells
Mls Name: NTREIS
Mls ID: #20312592
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.
