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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 Elm Mott at 396 Ivy Ln, Elm Mott, TX, 76640 offers $2,376/mo rent that, after a $1,272/mo payment, leaves $528/mo cash flow. Total monthly income is $2,376/mo, and annual cash flow is $6,335/yr on $86,157 cash. Return on cash invested measures 27.26% in year one, and rental yield stands at 10.97% at a $259,900 entry. Equity gained on principal adds $1,677/yr while 5% annual appreciation compounds into $71,806 by year five. Five-year ROI records 143.47% and total cumulative return in cash reaches $123,610. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,376/mo property income versus a $1,272/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2010
1.75 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76640, Elm Mott, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,333 (100%) |
| Owner Occupied HU | 984 (73.8%) |
| Renter Occupied HU | 241 (18.1%) |
| Vacant Housing Units | 108 ( 8.1%) |
| Median Home Value | $293,684 |
| Average Home Value | $314,433 |
Residential
1,091
Single Family
1,091
Multi-Family
0
Businesses
188
Date | Event | Price |
|---|---|---|
| 2023-12-29 | Price change | $259,900 |
| 2023-11-08 | Listed for sale | $269,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-16 | N/A | N/A | $60,355 | 10.00% |
| 2022-08-16 | $134.39 | -51.77% | $54,868 | 10.00% |
| 2021-08-16 | $278.62 | N/A | $49,880 | 0.26% |
Listed by: Robert Quinones • Graceland Real Estate
Mls Name: WMLS
Mls Provider:
Mls ID: #219092
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Waco Association of Realtors. IDX information is provided exclusively for consumers' 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 deemed reliable but not guaranteed. Copyright 2024 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2024-08-16 02:24:46 PDT
