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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 Italy at 301 College St, Italy, TX, 76651 generates $3,042/mo in rent and, after a $1,760/mo payment, leaves $444/mo in cash flow. Total monthly income is $3,042/mo, and annual cash flow is $5,329/yr on $119,170 invested. Return on cash invested sits at 24.38% in year one, and rental yield is 10.15% on a $359,487 entry. Equity gained on principal adds $2,320/yr, while 5% annual appreciation builds toward $99,320 over five years. Five-year ROI reaches 128.22% and total cumulative return in cash sums $152,800. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,042/mo property income rather than buyer’s personal income.
Single Family
Built in 1911
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76651, Italy, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,300 (100%) |
| Owner Occupied HU | 843 (64.8%) |
| Renter Occupied HU | 359 (27.6%) |
| Vacant Housing Units | 98 ( 7.5%) |
| Median Home Value | $294,492 |
| Average Home Value | $395,569 |
Residential
1,103
Single Family
1,103
Multi-Family
0
Businesses
78
Date | Event | Price |
|---|---|---|
| 2024-07-30 | Listed for sale | $359,487 |
| 2023-03-15 | Sold | N/A |
| 2023-02-22 | Pending sale | $295,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | N/A | N/A | $338,500 | 3.97% |
| 2023-02-13 | $6461.54 | 197.61% | $325,579 | 129.68% |
| 2022-02-13 | $2171.14 | N/A | $141,754 | 10.00% |
Listed by: Ricky Skinner • Ziglar Realty
Mls Name: NTREIS
Mls ID: #20663661
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.
