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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 Premont at 229 SW 1st St, Premont, TX, 78375 offers a 11.7% rental yield on a $120,000 purchase with $1,170/mo rent. Total monthly income registers $1,170/mo, and a $587/mo payment leaves $317/mo available for distribution. Annual cash flow reaches $3,804/yr on $39,780 to close, and return on cash invested stands at 29.47% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,154 over five years. Portfolio math shows five-year ROI at 155.31% and total cumulative return in cash at $61,783. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,170/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78375, Premont, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,297 (100%) |
| Owner Occupied HU | 813 (62.7%) |
| Renter Occupied HU | 294 (22.7%) |
| Vacant Housing Units | 190 (14.6%) |
| Median Home Value | $85,492 |
| Average Home Value | $192,749 |
Residential
174
Single Family
174
Multi-Family
0
Businesses
75
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Jo Ann Casas • eXp Realty LLC
Mls Name: South Texas MLS
Mls ID: #467411
