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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 309 E State St, Groesbeck, TX, 76642 priced at $165,000 pairs $920/mo rent with after a $808/mo payment. Total monthly income equals $920/mo. Return on cash invested is 14.34% in year one, and rental yield stands at 6.69% on a $165,000 basis. Equity gained on principal adds $1,065/yr, and 5% annual appreciation accumulates to $45,586 by year five. Five-year ROI measures 74.28% and total cumulative return in cash reaches $40,631. For financing, Ziffy Mortgage’s DSCR program evaluates $920/mo property income against a $808/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
8,624 sqft 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 |
|---|---|---|
| 2025-04-01 | Listed for sale | $165,000 |
| 2022-04-18 | Sold | N/A |
| 2005-09-15 | Sold | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-01 | $901.04 | 15.43% | $58,720 | 75.81% |
| 2023-04-01 | $780.59 | 23.73% | $33,400 | 46.88% |
| 2022-04-01 | $630.88 | -6.48% | $22,740 | -2.82% |
Listed by: Greg Graham • Graham & Co Realty Group
Mls Name: NTREIS
Mls ID: #20888452
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.
