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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% |
Investment property for sale in Mineral Wells at 3240 S Highway 281, Mineral Wells, TX, 76067 listed at $565,000 pairs $1,440/mo rent with a $2,765/mo payment. Total monthly income runs $1,440/mo. Return on cash invested measures 3.42% in year one, and rental yield registers 3.06% at a $565,000 basis. Equity gained on principal adds $3,646/yr, and annual property appreciation at 5% supports $156,099 by year five. Five-year ROI tracks 15.62% and total cumulative return in cash totals $29,031. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,440/mo property income relative to a $2,765/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1984
5.71 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76067, Mineral Wells, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,166 (100%) |
| Owner Occupied HU | 5,343 (58.3%) |
| Renter Occupied HU | 2,995 (32.7%) |
| Vacant Housing Units | 828 ( 9.0%) |
| Median Home Value | $176,632 |
| Average Home Value | $235,364 |
Residential
8,713
Single Family
8,220
Multi-Family
493
Businesses
676
Date | Event | Price |
|---|---|---|
| 2025-06-20 | Listed for sale | $565,000 |
| 2025-06-13 | Listing removed | $575,000 |
| 2025-05-17 | Price change | $575,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-20 | $6874.25 | 9.91% | $505,660 | 16.27% |
| 2023-06-20 | $6254.35 | -15.18% | $434,910 | 3.10% |
| 2022-06-20 | $7373.75 | 139.31% | $421,840 | 130.98% |
Listed by: Andrea Dodd • Keller Williams Frisco Stars
Mls Name: NTREIS
Mls ID: #20976008
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.
