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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 Mineral Wells at 401 NW 9th St, Mineral Wells, TX, 76067 uses $53,040 cash to close to unlock $7,588/yr annual cash flow and $632/mo monthly cash flow. Total monthly income runs $1,800/mo, and a $783/mo payment keeps the spread at $632/mo. Purchase price stands at $160,000, and rental yield measures 13.5% with $1,800/mo rent. Return on cash invested shows 34.22% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 181.09% and total cumulative return in cash records $96,050. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,800/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in N/A
5,009 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76067, Mineral Wells, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,166 (100%) |
| Owner Occupied HU | 5,343 (58.3%) |
| Renter Occupied HU | 2,995 (32.7%) |
| Vacant Housing Units | 828 ( 9.0%) |
| Median Home Value | $176,632 |
| Average Home Value | $235,364 |
Residential
8,713
Single Family
8,220
Multi-Family
493
Businesses
676
Date | Event | Price |
|---|---|---|
| 2024-12-23 | Listed for sale | $160,000 |
| 2024-12-02 | Listing removed | $160,000 |
| 2024-11-13 | Pending sale | $160,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | $3016.19 | 12.25% | $228,680 | 26.50% |
| 2023-12-27 | $2687.04 | -14.36% | $180,780 | N/A |
| 2022-12-27 | $3137.68 | 3.61% | $180,780 | 35.06% |
Listed by: Michael Lee • PREMIER PROPERTIES
Mls Name: NTREIS
Mls ID: #20637603
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.
