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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 Groesbeck at 349 Lcr 822 #A, Groesbeck, TX, 76642 listed at $649,000 pairs $3,007/mo rent with a $3,177/mo payment. Total monthly income runs $3,007/mo. Return on cash invested measures 11.02% in year one, and rental yield registers 5.56% at a $649,000 basis. Equity gained on principal adds $4,188/yr, and annual property appreciation at 5% supports $179,307 by year five. Five-year ROI tracks 56.37% and total cumulative return in cash totals $120,360. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,007/mo property income relative to a $3,177/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76642, Groesbeck, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,137 (100%) |
| Owner Occupied HU | 1,869 (59.6%) |
| Renter Occupied HU | 597 (19.0%) |
| Vacant Housing Units | 671 (21.4%) |
| Median Home Value | $228,822 |
| Average Home Value | $332,311 |
Residential
2,698
Single Family
2,697
Multi-Family
1
Businesses
349
Date | Event | Price |
|---|---|---|
| 2024-05-06 | Listed for sale | $649,000 |
| 2023-12-11 | Listing removed | N/A |
| 2023-08-17 | Price change | $775,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Bobby J Forrest • Forrest Real Estate
Mls Name: TAR MLS
Mls ID: #210269
Disclaimer: Based on information from the Multiple Listing Service of the Association as of 2024-08-16 02:31:54 PDT. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Association provides the MLS and all content therein AS IS and without any warranty, express or implied. Copyright of Texas REALTORS. MLS aggregate data may not be reproduced or distributed.
