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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 Springtown at 299 Faye Ln, Springtown, TX, 76082 listed at $395,000 pairs $4,092/mo rent with a $1,933/mo payment to leave $1,274/mo cash flow. Total monthly income runs $4,092/mo, and annual cash flow reaches $15,286/yr on $130,943 cash to close. Return on cash invested measures 31.58% in year one, and rental yield registers 12.43% at a $395,000 basis. Equity gained on principal adds $2,549/yr, and annual property appreciation at 5% supports $109,131 by year five. Five-year ROI tracks 166.68% and total cumulative return in cash totals $218,250. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,092/mo property income relative to a $1,933/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1998
1.09 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76082, Springtown, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,102 (100%) |
| Owner Occupied HU | 7,143 (78.5%) |
| Renter Occupied HU | 1,423 (15.6%) |
| Vacant Housing Units | 536 ( 5.9%) |
| Median Home Value | $347,703 |
| Average Home Value | $447,119 |
Residential
9,245
Single Family
9,186
Multi-Family
59
Businesses
598
Date | Event | Price |
|---|---|---|
| 2024-07-18 | Price change | $395,000 |
| 2024-06-14 | Price change | $405,000 |
| 2024-05-30 | Price change | $413,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $6670.77 | 12.56% | $432,810 | 30.22% |
| 2022-08-14 | $5926.18 | -0.93% | $332,360 | N/A |
| 2021-08-14 | $5981.93 | 21.04% | $332,360 | 30.16% |
Listed by: Marc Mackey • Real
Mls Name: NTREIS
Mls ID: #20558149
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.
