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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 Smithville at 323 String Prairie Way LOT 11, Smithville, TX, 78957 priced at $312,400 converts $2,256/mo rent into $35/mo cash flow after a $1,529/mo obligation. Total monthly income equals $2,256/mo, and annual cash flow totals $414/yr on $103,561 invested. Return on cash invested prints 20.31% in year one, and rental yield reads 8.67% against a $312,400 entry. Equity gained on principal adds $2,016/yr, while 5% annual appreciation compiles into $86,310 by year five. Five-year ROI reaches 106.22% and total cumulative return in cash sums $109,997. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,256/mo property income covering a $1,529/mo payment, not borrower’s personal income.
Single Family
Built in 2024
8,799 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78957, Smithville, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,292 (100%) |
| Owner Occupied HU | 3,461 (65.4%) |
| Renter Occupied HU | 1,103 (20.8%) |
| Vacant Housing Units | 728 (13.8%) |
| Median Home Value | $324,812 |
| Average Home Value | $406,026 |
Residential
4,275
Single Family
4,233
Multi-Family
42
Businesses
344
Date | Event | Price |
|---|---|---|
| 2024-07-25 | Price change | $312,400 |
| 2024-05-24 | Price change | $317,400 |
| 2024-05-05 | Listed for sale | $335,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Toni Svrcek • Van Zandt Properties
Mls Name: Central Texas MLS
Mls Provider:
Mls ID: #545346
Disclaimer: Listing and property data is from an Internet Data Exchange (IDX) provided by the Central Texas MLS. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. 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. Copyright 2024 Central Texas MLS, All Rights Reserved.
