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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 Midlothian at 414 Summer Grove Dr, Midlothian, TX, 76065 with 5% annual appreciation on a $534,900 basis while $4,020/mo rent supports operations. Total monthly income totals $4,020/mo and a $2,618/mo payment preserves $185/mo for cash returns. Annual cash flow comes to $2,221/yr on $175,982 deployed, and return on cash invested reaches 21.32% in year one. Equity gained on principal adds $3,452/yr, and five-year appreciation sums $147,783 alongside rental yield of 9.02%. Five-year ROI measures 111.71% and total cumulative return in cash totals $196,581.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,020/mo property income versus a $2,618/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2017
8,712 sqft lot
$N/A/sqft
$375 annually HOA
Neighborhood data shown for ZIP Code: 76065, Midlothian, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,220 (100%) |
| Owner Occupied HU | 15,180 (79.0%) |
| Renter Occupied HU | 3,250 (16.9%) |
| Vacant Housing Units | 790 ( 4.1%) |
| Median Home Value | $430,364 |
| Average Home Value | $474,199 |
Residential
17,533
Single Family
16,402
Multi-Family
1,131
Businesses
1,208
Date | Event | Price |
|---|---|---|
| 2024-07-26 | Listed for sale | $534,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $1972.56 | -73.65% | $438,081 | 10.00% |
| 2022-08-14 | $7486.84 | N/A | $398,255 | 10.00% |
| 2021-08-14 | N/A | N/A | $362,050 | 0.17% |
Listed by: Diarus Jackson • RE/MAX Preferred Associates
Mls Name: NTREIS
Mls ID: #20682902
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.
