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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 Meridian at 302 N Erath, Meridian, TX, 76665 at $130,000 posts ROI 21.32% with $51/mo cash flow from $1,031/mo rent. Total monthly income equals $1,031/mo, and annual cash flow records $610/yr on $43,095 to close. Return on cash invested measures 21.32% and rental yield reads 9.52% at the current $130,000. Equity gained on principal adds $839/yr, and 5% annual appreciation supports $35,917 by year five. Five-year ROI prints 112.2% and total cumulative return in cash totals $48,351.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,031/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1872
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76665, Meridian, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,208 (100%) |
| Owner Occupied HU | 735 (60.8%) |
| Renter Occupied HU | 262 (21.7%) |
| Vacant Housing Units | 211 (17.5%) |
| Median Home Value | $184,028 |
| Average Home Value | $338,017 |
Residential
847
Single Family
847
Multi-Family
0
Businesses
156
Date | Event | Price |
|---|---|---|
| 2025-06-11 | Listed for sale | $130,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-06-11 | $2830.28 | -5.75% | $137,312 | 0.11% |
| 2022-06-11 | $3003.06 | 91.20% | $137,164 | 91.20% |
| 2021-06-11 | $1570.63 | 44.69% | $71,738 | 57.42% |
No similar price properties found nearby.
Listed by: Becky Paruszewski • JPAR Cleburne
Mls Name: NTREIS
Mls ID: #20963755
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.
