301 N Wheeler RdColmesneilTX75938
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Colmesneil at 301 N Wheeler Rd, Colmesneil, TX, 75938 priced at $134,900 converts $1,145/mo rent into $186/mo cash flow after a $660/mo obligation. Total monthly income equals $1,145/mo, and annual cash flow totals $2,232/yr on $44,719 invested. Return on cash invested prints 24.9% in year one, and rental yield reads 10.19% against a $134,900 entry. Equity gained on principal adds $870/yr, while 5% annual appreciation compiles into $37,270 by year five. Five-year ROI reaches 130.8% and total cumulative return in cash sums $58,493. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,145/mo property income covering a $660/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75938, Colmesneil, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,446 (100%) |
| Owner Occupied HU | 832 (57.5%) |
| Renter Occupied HU | 102 ( 7.1%) |
| Vacant Housing Units | 512 (35.4%) |
| Median Home Value | $153,030 |
| Average Home Value | $218,206 |
Housing Distribution
Address Breakdown
Residential
1,049
Single Family
1,049
Multi-Family
0
Businesses
52
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ashley Jackson-Whitworth • Martindale Real Estate Investments
Mls Name: HAR
Mls ID: #36160157