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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 Milford at 231 E Water St, Milford, TX, 76670 priced at $270,000 converts $2,569/mo rent into $649/mo cash flow after a $1,322/mo obligation. Total monthly income equals $2,569/mo, and annual cash flow totals $7,782/yr on $89,505 invested. Return on cash invested prints 28.6% in year one, and rental yield reads 11.42% against a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,596 by year five. Five-year ROI reaches 150.7% and total cumulative return in cash sums $134,881. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,569/mo property income covering a $1,322/mo payment, not borrower’s personal income.
Single Family
Built in 2024
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76670, Milford, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 670 (100%) |
| Owner Occupied HU | 451 (67.3%) |
| Renter Occupied HU | 130 (19.4%) |
| Vacant Housing Units | 89 (13.3%) |
| Median Home Value | $205,597 |
| Average Home Value | $263,803 |
Residential
491
Single Family
491
Multi-Family
0
Businesses
18
Date | Event | Price |
|---|---|---|
| 2024-12-06 | Price change | $270,000 |
| 2024-10-04 | Price change | $260,000 |
| 2024-08-23 | Price change | $280,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | N/A | N/A | $85,749 | 185.83% |
| 2023-02-13 | $398.98 | 33.73% | $30,000 | 50.00% |
| 2022-02-13 | $298.35 | N/A | $20,000 | 33.33% |
Listed by: Renee Gillette • Central Lux Realty, LLC
Mls Name: NTREIS
Mls ID: #20688650
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.
