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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 Spring Branch at 2301 RIMROCK DR, Spring Branch, TX, 78070 priced at $245,000 pairs $3,523/mo rent with $1,776/mo cash flow after a $1,199/mo payment. Total monthly income equals $3,523/mo, and annual cash flow comes to $21,311/yr on $81,218 invested. Return on cash invested is 46.15% in year one, and rental yield stands at 17.26% on a $245,000 basis. Equity gained on principal adds $1,581/yr, and 5% annual appreciation accumulates to $67,689 by year five. Five-year ROI measures 244.78% and total cumulative return in cash reaches $198,804. For financing, Ziffy Mortgage’s DSCR program evaluates $3,523/mo property income against a $1,199/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1993
1 Acres lot
$N/A/sqft
$60 annually HOA
Neighborhood data shown for ZIP Code: 78070, Spring Branch, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,971 (100%) |
| Owner Occupied HU | 8,394 (84.2%) |
| Renter Occupied HU | 885 ( 8.9%) |
| Vacant Housing Units | 692 ( 6.9%) |
| Median Home Value | $596,751 |
| Average Home Value | $695,534 |
Residential
9,272
Single Family
8,986
Multi-Family
286
Businesses
618
Date | Event | Price |
|---|---|---|
| 2024-04-16 | Price change | $245,000 |
| 2024-04-02 | Pending sale | $235,000 |
| 2024-03-23 | Contingent | $235,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $657.11 | -11.78% | $43,990 | -0.20% |
| 2022-08-14 | $744.84 | 177.66% | $44,080 | 193.48% |
| 2021-08-14 | $268.26 | -0.07% | $15,020 | -0.33% |
Listed by: Edwin Snead • ERA Colonial Real Estate
Mls Name: SABOR
Mls Provider:
Mls ID: #1741252
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.
