38850 N High Way #108MingusTX76463
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Mingus at 38850 N High Way #108, Mingus, TX, 76463 uses $189,175 cash to close to unlock $16,529/yr annual cash flow and $1,377/mo monthly cash flow. Total monthly income runs $5,466/mo, and a $2,814/mo payment keeps the spread at $1,377/mo. Purchase price stands at $575,000, and rental yield measures 11.41% with $5,466/mo rent. Return on cash invested shows 28.8% in year one, and 5% annual appreciation builds toward $158,862 over five years. Five-year ROI reaches 151.69% and total cumulative return in cash records $286,967. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,466/mo property income covering a $2,814/mo payment rather than investor’s personal income.
Single Family
Built in 2015
6 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76463, Mingus, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 267 (100%) |
| Owner Occupied HU | 173 (64.8%) |
| Renter Occupied HU | 46 (17.2%) |
| Vacant Housing Units | 48 (18.0%) |
| Median Home Value | $355,882 |
| Average Home Value | $486,113 |
Housing Distribution
Address Breakdown
Residential
178
Single Family
178
Multi-Family
0
Businesses
23
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Listed by: Joe Humphries • PREFERRED PROPERTIES OF TEXAS
Mls Name: NTREIS
Mls ID: #20473771
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.