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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 Bishop at 314 E 6th St, Bishop, TX, 78343 priced at $149,900 converts $690/mo rent into after a $734/mo obligation. Total monthly income equals $690/mo. Return on cash invested prints 10.82% in year one, and rental yield reads 5.52% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 55.35% and total cumulative return in cash sums $27,503. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $690/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1956
10,498 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78343, Bishop, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,903 (100%) |
| Owner Occupied HU | 1,202 (63.2%) |
| Renter Occupied HU | 417 (21.9%) |
| Vacant Housing Units | 284 (14.9%) |
| Median Home Value | $162,143 |
| Average Home Value | $204,020 |
Residential
1,595
Single Family
1,555
Multi-Family
40
Businesses
98
Date | Event | Price |
|---|---|---|
| 2024-08-29 | Listed for sale | $149,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-23 | $1557.53 | -26.82% | $131,970 | 10.00% |
| 2022-10-23 | $2128.24 | -0.42% | $119,973 | 10.00% |
| 2021-10-23 | $2137.24 | 8.24% | $109,066 | 10.00% |
Listed by: Laura Commons • Keller Williams Coastal Bend
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #447431
Disclaimer: Based on information from South Texas MLS, LLC as of 2024-02-06 10:12:13 PST. All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein AS IS and without any warranty, express or implied. MLS aggregate data is a copyright of Texas Association of REALTORS (TAR) and that the reader may not reproduce or distribute the MLS aggregate data.
