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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 Meridian at 406 E Morgan, Meridian, TX, 76665 at $220,000 posts ROI 27.06% with $434/mo cash flow from $1,999/mo rent. Total monthly income equals $1,999/mo, and annual cash flow records $5,212/yr on $72,930 to close. Return on cash invested measures 27.06% and rental yield reads 10.9% at the current $220,000. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 by year five. Five-year ROI prints 142.41% and total cumulative return in cash totals $103,859.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,999/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1945
10,323 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76665, Meridian, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,208 (100%) |
| Owner Occupied HU | 735 (60.8%) |
| Renter Occupied HU | 262 (21.7%) |
| Vacant Housing Units | 211 (17.5%) |
| Median Home Value | $184,028 |
| Average Home Value | $338,017 |
Residential
847
Single Family
847
Multi-Family
0
Businesses
156
Date | Event | Price |
|---|---|---|
| 2024-05-15 | Price change | $220,000 |
| 2024-04-16 | Listed for sale | $225,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-16 | $2228.83 | 5.11% | $219,170 | 3.86% |
| 2022-08-16 | $2120.44 | 3.61% | $211,034 | 90.27% |
| 2021-08-16 | $2046.62 | 2.82% | $110,911 | 15.01% |
Listed by: Debra McKamie • McKamie Real Estate Services
Mls Name: WMLS
Mls Provider:
Mls ID: #222405
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 03:54:50 PDT
