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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 229 Gafford St, Lipan, TX, 76462 with 5% annual appreciation on a $799,900 basis while $1,920/mo rent supports operations. 88% in year one. Equity gained on principal adds $5,162/yr, and five-year appreciation sums $220,998 alongside rental yield of 2.88%. Five-year ROI measures 12.69% and total cumulative return in cash totals $33,408. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,920/mo property income versus a $3,915/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2018
13.41 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 |
|---|---|---|
| 2024-11-15 | Price change | $799,900 |
| 2024-10-02 | Price change | $864,900 |
| 2024-09-30 | Listed for sale | $884,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | $2.16 | -10.37% | $53,020 | 25.70% |
| 2023-12-27 | $2.41 | -0.82% | $42,180 | 45.85% |
| 2022-12-27 | $2.43 | -7.25% | $28,920 | 20.00% |
Listed by: Brad Harrison • CLARK REAL ESTATE GROUP
Mls Name: NTREIS
Mls ID: #20687431
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.
