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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 Troy at 308 N 2nd St, Troy, TX, 76501 generates $2,306/mo in rent and, after a $1,199/mo payment, leaves $564/mo in cash flow. Total monthly income is $2,306/mo, and annual cash flow is $6,767/yr on $81,218 invested. Return on cash invested sits at 28.24% in year one, and rental yield is 11.29% on a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 148.73% and total cumulative return in cash sums $120,792. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,306/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
5,501 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76501, Temple, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,880 (100%) |
| Owner Occupied HU | 4,286 (54.4%) |
| Renter Occupied HU | 2,877 (36.5%) |
| Vacant Housing Units | 717 ( 9.1%) |
| Median Home Value | $232,289 |
| Average Home Value | $269,705 |
Residential
7,369
Single Family
6,892
Multi-Family
477
Businesses
585
Date | Event | Price |
|---|---|---|
| 2024-07-26 | Listed for sale | $245,000 |
| 2021-01-14 | Sold | N/A |
| 2020-11-20 | Pending sale | $38,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-15 | $1616.63 | 4.91% | $70,513 | 9.57% |
| 2022-08-15 | $1541.02 | N/A | $64,357 | -28.86% |
| 2021-08-15 | N/A | N/A | $90,470 | 10.00% |
Listed by: Devin Forbes • Kelly
Mls Name: WMLS
Mls Provider:
Mls ID: #224608
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Waco Association of Realtors. IDX information is provided exclusively for consumers' 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 deemed reliable but not guaranteed. Copyright 2024 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2024-08-15 13:53:55 PDT
