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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 Aledo at 260 Mineral Point Dr, Aledo, TX, 76008 offers a 12.48% rental yield on a $494,500 purchase with $5,144/mo rent. Total monthly income registers $5,144/mo, and a $2,420/mo payment leaves $1,412/mo available for distribution. Annual cash flow reaches $16,948/yr on $163,927 to close, and return on cash invested stands at 30.25% in year one. Equity gained on principal adds $3,191/yr while 5% annual appreciation supports $136,621 over five years. Portfolio math shows five-year ROI at 160.07% and total cumulative return in cash at $262,401. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,144/mo property income against a $2,420/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
8,058 sqft lot
$N/A/sqft
$235 quarterly HOA
Neighborhood data shown for ZIP Code: 76008, Aledo, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,914 (100%) |
| Owner Occupied HU | 8,685 (87.6%) |
| Renter Occupied HU | 749 ( 7.6%) |
| Vacant Housing Units | 480 ( 4.8%) |
| Median Home Value | $528,969 |
| Average Home Value | $590,314 |
Residential
9,537
Single Family
9,524
Multi-Family
13
Businesses
763
Date | Event | Price |
|---|---|---|
| 2024-10-08 | Price change | $494,500 |
| 2024-10-04 | Listed for sale | $495,000 |
| 2024-10-02 | Contingent | $495,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $9854.50 | -4.24% | $528,810 | 46.74% |
| 2022-10-15 | $10290.44 | -4.12% | $360,380 | -0.84% |
| 2021-10-15 | $10733.00 | 239.14% | $363,440 | 264.17% |
Listed by: Ethan Stone • Compass RE Texas, LLC
Mls Name: NTREIS
Mls ID: #20740691
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.
