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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 Mineral Wells at 2455 Millsap Hwy, Mineral Wells, TX, 76067 priced at $700,000 converts $5,064/mo rent into $86/mo cash flow after a $3,426/mo obligation. Total monthly income equals $5,064/mo, and annual cash flow totals $1,036/yr on $230,300 invested. Return on cash invested prints 20.51% in year one, and rental yield reads 8.68% against a $700,000 entry. Equity gained on principal adds $4,517/yr, while 5% annual appreciation compiles into $193,397 by year five. Five-year ROI reaches 107.26% and total cumulative return in cash sums $247,024. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,064/mo property income covering a $3,426/mo payment, not borrower’s personal income.
Single Family
Built in 2001
7.67 Acres 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 |
|---|---|---|
| 2024-07-24 | Listed for sale | $700,000 |
| 2024-06-01 | Listing removed | N/A |
| 2024-02-13 | Price change | $750,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $5916.62 | -9.52% | $528,580 | 16.16% |
| 2022-08-14 | $6539.24 | -3.86% | $455,060 | 32.75% |
| 2021-08-14 | $6802.02 | -3.02% | $342,800 | 9.39% |
Listed by: Tracy Beeman • Bohaas, LLC
Mls Name: NTREIS
Mls ID: #20683722
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.
