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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 Carmine at 232 Luther Ln, Carmine, TX, 78932 offers $5,132/mo rent that, after a $3,764/mo payment. Total monthly income is $5,132/mo. Return on cash invested measures 18.46% in year one, and rental yield stands at 8.01% at a $769,000 entry. Equity gained on principal adds $4,962/yr while 5% annual appreciation compounds into $212,461 by year five. Five-year ROI records 96.29% and total cumulative return in cash reaches $243,607. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,132/mo property income versus a $3,764/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
1.29 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78932, Carmine, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 596 (100%) |
| Owner Occupied HU | 331 (55.5%) |
| Renter Occupied HU | 63 (10.6%) |
| Vacant Housing Units | 202 (33.9%) |
| Median Home Value | $343,182 |
| Average Home Value | $506,352 |
Residential
380
Single Family
380
Multi-Family
0
Businesses
42
Date | Event | Price |
|---|---|---|
| 2024-08-10 | Price change | $769,000 |
| 2024-05-23 | Listed for sale | $799,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $1932.68 | -28.68% | $304,993 | 10.00% |
| 2022-08-14 | $2709.78 | -7.54% | $277,266 | 10.00% |
| 2021-08-14 | $2930.90 | N/A | $252,060 | 2.33% |
Listed by: Samantha Medve • Medve Real Estate, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #33411951
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