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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 Evant at 253 Langford Cove Rd, Evant, TX, 76525 priced at $489,900 converts $2,071/mo rent into after a $2,398/mo obligation. Total monthly income equals $2,071/mo. Return on cash invested prints 9.47% in year one, and rental yield reads 5.07% against a $489,900 entry. Equity gained on principal adds $3,161/yr, while 5% annual appreciation compiles into $135,350 by year five. Five-year ROI reaches 48.09% and total cumulative return in cash sums $78,101. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,071/mo property income covering a $2,398/mo payment, not borrower’s personal income.
Single Family
Built in 1976
18.32 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76525, Evant, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 626 (100%) |
| Owner Occupied HU | 371 (59.3%) |
| Renter Occupied HU | 75 (12.0%) |
| Vacant Housing Units | 180 (28.8%) |
| Median Home Value | $297,115 |
| Average Home Value | $415,566 |
Residential
494
Single Family
494
Multi-Family
0
Businesses
47
Date | Event | Price |
|---|---|---|
| 2024-12-12 | Listed for sale | $489,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | $5876.07 | N/A | $691,410 | 17.37% |
| 2023-12-27 | N/A | N/A | $589,064 | 18.95% |
| 2022-12-27 | $4578.78 | -0.84% | $495,215 | 3.41% |
Listed by: Pam Bookout • Coldwell Banker Realty
Mls Name: NTREIS
Mls ID: #20795465
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.
