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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 Springtown at 229 Odell Rd, Springtown, TX, 76082 offers a 8.74% rental yield on a $455,000 purchase with $3,313/mo rent. Total monthly income registers $3,313/mo, and a $2,227/mo payment leaves $52/mo available for distribution. Annual cash flow reaches $629/yr on $150,833 to close, and return on cash invested stands at 20.33% in year one. Equity gained on principal adds $2,936/yr while 5% annual appreciation supports $125,708 over five years. Portfolio math shows five-year ROI at 106.37% and total cumulative return in cash at $160,444. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,313/mo property income against a $2,227/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
1.02 Acres lot
$N/A/sqft
$300 annually HOA
Neighborhood data shown for ZIP Code: 76082, Springtown, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,102 (100%) |
| Owner Occupied HU | 7,143 (78.5%) |
| Renter Occupied HU | 1,423 (15.6%) |
| Vacant Housing Units | 536 ( 5.9%) |
| Median Home Value | $347,703 |
| Average Home Value | $447,119 |
Residential
9,245
Single Family
9,186
Multi-Family
59
Businesses
598
Date | Event | Price |
|---|---|---|
| 2024-11-03 | Price change | $455,000 |
| 2024-09-30 | Listed for sale | $465,000 |
| 2024-09-19 | Listing removed | $465,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | $5088.12 | 12.97% | $477,190 | N/A |
| 2023-12-27 | $4504.02 | -14.81% | $477,190 | 48.08% |
| 2022-12-27 | $5286.94 | 782.11% | $322,260 | 867.75% |
Listed by: Crystal Solensky • Keller Williams Realty DPR
Mls Name: NTREIS
Mls ID: #20721412
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.
