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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 Gordon at 349 Lake Point Dr, Gordon, TX, 76453 generates $1,702/mo in rent and, after a $857/mo payment, leaves $457/mo in cash flow. Total monthly income is $1,702/mo, and annual cash flow is $5,485/yr on $58,013 invested. Return on cash invested sits at 29.36% in year one, and rental yield is 11.67% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 154.84% and total cumulative return in cash sums $89,827. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,702/mo property income rather than buyer’s personal income.
Single Family
Built in 2010
8,015 sqft lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2024-12-04 | Price change | $175,000 |
| 2024-09-09 | Listed for sale | $250,000 |
| 2019-07-05 | Sold | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | $1654.91 | 20.04% | $97,100 | N/A |
| 2023-12-27 | $1378.67 | -12.43% | $97,100 | -2.58% |
| 2022-12-27 | $1574.40 | 1.02% | $99,670 | 11.02% |
Listed by: Tony Lyon • Ebby Halliday Realtors
Mls Name: NTREIS
Mls ID: #20724403
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