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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 Midlothian at 2818 Midlake Dr, Midlothian, TX, 76065 offers a 9.17% rental yield on a $824,900 purchase with $6,304/mo rent. Total monthly income registers $6,304/mo, and a $4,037/mo payment leaves $355/mo available for distribution. Annual cash flow reaches $4,262/yr on $271,392 to close, and return on cash invested stands at 21.63% in year one. Equity gained on principal adds $5,323/yr while 5% annual appreciation supports $227,905 over five years. Portfolio math shows five-year ROI at 113.4% and total cumulative return in cash at $307,765. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,304/mo property income against a $4,037/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
9,408 sqft lot
$N/A/sqft
$1,000 annually HOA
Neighborhood data shown for ZIP Code: 76065, Midlothian, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,220 (100%) |
| Owner Occupied HU | 15,180 (79.0%) |
| Renter Occupied HU | 3,250 (16.9%) |
| Vacant Housing Units | 790 ( 4.1%) |
| Median Home Value | $430,364 |
| Average Home Value | $474,199 |
Residential
17,533
Single Family
16,402
Multi-Family
1,131
Businesses
1,208
Date | Event | Price |
|---|---|---|
| 2024-10-30 | Price change | $824,900 |
| 2024-10-08 | Price change | $849,900 |
| 2024-09-10 | Price change | $899,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $102,000 | 6.25% |
| 2023-12-27 | $1950.46 | N/A | $96,000 | N/A |
Listed by: Toby Jones • Perry Homes Realty LLC
Mls Name: NTREIS
Mls ID: #20701404
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.
