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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 Groesbeck at 305 S Rusk St, Groesbeck, TX, 76642 offers $1,111/mo rent that, after a $627/mo payment, leaves $201/mo cash flow. Total monthly income is $1,111/mo, and annual cash flow is $2,415/yr on $42,432 cash. Return on cash invested measures 25.6% in year one, and rental yield stands at 10.42% at a $128,000 entry. Equity gained on principal adds $826/yr while 5% annual appreciation compounds into $35,364 by year five. Five-year ROI records 134.67% and total cumulative return in cash reaches $57,143. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,111/mo property income versus a $627/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1989
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76642, Groesbeck, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,137 (100%) |
| Owner Occupied HU | 1,869 (59.6%) |
| Renter Occupied HU | 597 (19.0%) |
| Vacant Housing Units | 671 (21.4%) |
| Median Home Value | $228,822 |
| Average Home Value | $332,311 |
Residential
2,698
Single Family
2,697
Multi-Family
1
Businesses
349
Date | Event | Price |
|---|---|---|
| 2025-05-19 | Listed for sale | $128,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-19 | $786.71 | 7.22% | $72,500 | 10.00% |
| 2023-05-19 | $733.75 | -4.33% | $65,909 | 10.00% |
| 2022-05-19 | $766.95 | 4.42% | $59,917 | 10.00% |
Listed by: Ashley Fink • Gingrich Group, LLC
Mls Name: NTREIS
Mls ID: #20941260
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.
