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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 Palmer at 315 Cherry Point Dr, Palmer, TX, 75152 priced at $351,500 converts $2,040/mo rent into after a $1,720/mo obligation. Total monthly income equals $2,040/mo. Return on cash invested prints 15.18% in year one, and rental yield reads 6.96% against a $351,500 entry. Equity gained on principal adds $2,268/yr, while 5% annual appreciation compiles into $97,113 by year five. Five-year ROI reaches 78.68% and total cumulative return in cash sums $91,685. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,040/mo property income covering a $1,720/mo payment, not borrower’s personal income.
Single Family
Built in 2024
7,623 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 75152, Palmer, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,051 (100%) |
| Owner Occupied HU | 1,608 (78.4%) |
| Renter Occupied HU | 345 (16.8%) |
| Vacant Housing Units | 98 ( 4.8%) |
| Median Home Value | $326,821 |
| Average Home Value | $412,307 |
Residential
1,933
Single Family
1,933
Multi-Family
0
Businesses
120
Date | Event | Price |
|---|---|---|
| 2024-07-26 | Listed for sale | $351,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $411.57 | N/A | $20,000 | 4.17% |
| 2022-08-14 | N/A | N/A | $19,200 | N/A |
Listed by: Karen Vestal • Keller Williams Realty
Mls Name: NTREIS
Mls ID: #20685710
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.
