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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 Groesbeck at 241 Lcr 632, Groesbeck, TX, 76642 generates $1,139/mo in rent, after a $2,442/mo payment. Total monthly income is $1,139/mo. Return on cash invested sits at 2.43% in year one, and rental yield is 2.74% on a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 10.33% and total cumulative return in cash sums $17,082. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,139/mo property income rather than buyer’s personal income.
Manufactured
Built in 2006
30 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76642, Groesbeck, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,137 (100%) |
| Owner Occupied HU | 1,869 (59.6%) |
| Renter Occupied HU | 597 (19.0%) |
| Vacant Housing Units | 671 (21.4%) |
| Median Home Value | $228,822 |
| Average Home Value | $332,311 |
Residential
2,698
Single Family
2,697
Multi-Family
1
Businesses
349
Date | Event | Price |
|---|---|---|
| 2024-08-14 | Listed for sale | $499,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2019-12-27 | N/A | N/A | $25,140 | N/A |
| 2018-12-27 | N/A | N/A | $25,140 | -6.44% |
| 2017-12-27 | N/A | N/A | $26,870 | 1.90% |
Listed by: Bobbi Conner • Home & Ranch Real Estate
Mls Name: BCSMLS
Mls Provider:
Mls ID: #24012723
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.
