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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 Iredell at 400 S Eastland, Iredell, TX, 76649 generates $1,979/mo in rent and, after a $859/mo payment, leaves $731/mo in cash flow. Total monthly income is $1,979/mo, and annual cash flow is $8,772/yr on $58,178 invested. Return on cash invested sits at 34.99% in year one, and rental yield is 13.53% on a $175,500 entry. Equity gained on principal adds $1,132/yr, while 5% annual appreciation builds toward $48,487 over five years. Five-year ROI reaches 184.89% and total cumulative return in cash sums $107,564. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,979/mo property income rather than buyer’s personal income.
Single Family
Built in 1945
7,971 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76649, Iredell, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 469 (100%) |
| Owner Occupied HU | 264 (56.3%) |
| Renter Occupied HU | 49 (10.4%) |
| Vacant Housing Units | 156 (33.3%) |
| Median Home Value | $188,636 |
| Average Home Value | $222,661 |
Residential
277
Single Family
277
Multi-Family
0
Businesses
34
Date | Event | Price |
|---|---|---|
| 2024-06-20 | Listed for sale | $175,500 |
| 2024-01-26 | Sold | N/A |
| 2023-12-24 | Pending sale | $164,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-16 | $401.81 | 0.04% | $87,986 | 0.08% |
| 2022-08-16 | $401.63 | 0.18% | $87,918 | 28.56% |
| 2021-08-16 | $400.89 | 2.34% | $68,385 | 87.06% |
Listed by: Marilyn Massey • Marilyn Massey, Broker
Mls Name: NTREIS
Mls ID: #20650348
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.
