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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 Axtell at 2988 E Old Axtell Rd, Axtell, TX, 76624 priced at $845,000 converts $2,418/mo rent into after a $4,136/mo obligation. Total monthly income equals $2,418/mo. Return on cash invested prints 4.56% in year one, and rental yield reads 3.43% against a $845,000 entry. Equity gained on principal adds $5,453/yr, while 5% annual appreciation compiles into $233,458 by year five. Five-year ROI reaches 21.71% and total cumulative return in cash sums $60,360. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,418/mo property income covering a $4,136/mo payment, not borrower’s personal income.
Single Family
Built in 1977
56.02 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76624, Axtell, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,098 (100%) |
| Owner Occupied HU | 881 (80.2%) |
| Renter Occupied HU | 148 (13.5%) |
| Vacant Housing Units | 69 ( 6.3%) |
| Median Home Value | $256,389 |
| Average Home Value | $266,623 |
Residential
922
Single Family
922
Multi-Family
0
Businesses
40
Date | Event | Price |
|---|---|---|
| 2025-04-16 | Listed for sale | $845,000 |
| 2023-06-30 | Sold | N/A |
| 2023-06-19 | Pending sale | $799,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-16 | $4156.59 | 22.99% | $572,830 | 13.10% |
| 2023-04-16 | $3379.72 | -11.66% | $506,460 | 7.71% |
| 2022-04-16 | $3825.93 | 20.76% | $470,190 | 21.61% |
Listed by: Danya Lane • Texas Luxury and Land
Mls Name: NTREIS
Mls ID: #20906425
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.
