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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% |
Investment property for sale in Lipan at 218 Gafford St, Lipan, TX, 76462 with 5% annual appreciation on a $119,900 basis while $1,920/mo rent supports operations. Total monthly income totals $1,920/mo and a $587/mo payment preserves $948/mo for cash returns. Annual cash flow comes to $11,373/yr on $39,747 deployed, and return on cash invested reaches 48.52% in year one. Equity gained on principal adds $774/yr, and five-year appreciation sums $33,126 alongside rental yield of 19.22%. Five-year ROI measures 258.83% and total cumulative return in cash totals $102,876.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,920/mo property income versus a $587/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2016
1.13 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76462, Lipan, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,577 (100%) |
| Owner Occupied HU | 1,156 (73.3%) |
| Renter Occupied HU | 224 (14.2%) |
| Vacant Housing Units | 197 (12.5%) |
| Median Home Value | $393,814 |
| Average Home Value | $502,766 |
Residential
1,450
Single Family
1,450
Multi-Family
0
Businesses
51
Date | Event | Price |
|---|---|---|
| 2024-08-23 | Listing removed | N/A |
| 2024-08-20 | Listed for sale | $119,900 |
| 2024-08-14 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-31 | $3424.17 | -16.01% | $213,460 | -2.03% |
| 2022-08-31 | $4077.05 | 20.75% | $217,880 | 30.16% |
| 2021-08-31 | $3376.56 | 74.71% | $167,390 | 73.34% |
Listed by: Karly Resta • Coldwell Banker Apex, REALTORS
Mls Name: NTREIS
Mls ID: #20707344
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.
