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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 Mineral Wells at 2400 NW 3rd Ave, Mineral Wells, TX, 76067 offers a 9.82% rental yield on a $220,000 purchase with $1,800/mo rent. Total monthly income registers $1,800/mo, and a $1,077/mo payment leaves $235/mo available for distribution. Annual cash flow reaches $2,824/yr on $72,930 to close, and return on cash invested stands at 23.78% in year one. Equity gained on principal adds $1,420/yr while 5% annual appreciation supports $60,782 over five years. Portfolio math shows five-year ROI at 124.87% and total cumulative return in cash at $91,067. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,800/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76067, Mineral Wells, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,166 (100%) |
| Owner Occupied HU | 5,343 (58.3%) |
| Renter Occupied HU | 2,995 (32.7%) |
| Vacant Housing Units | 828 ( 9.0%) |
| Median Home Value | $176,632 |
| Average Home Value | $235,364 |
Residential
8,713
Single Family
8,220
Multi-Family
493
Businesses
676
Date | Event | Price |
|---|---|---|
| 2025-05-31 | Contingent | $220,000 |
| 2025-05-19 | Price change | $220,000 |
| 2025-04-26 | Price change | $234,995 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-01 | $2683.12 | 15.35% | $130,100 | 27.05% |
| 2023-07-01 | $2326.16 | -7.17% | $102,400 | 0.06% |
| 2022-07-01 | $2505.85 | 19.80% | $102,340 | 35.39% |
Listed by: Jenna Sims • Cornerstone Home and Ranch
Mls Name: NTREIS
Mls ID: #20660872
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.
