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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 Millsap at 415 Fairview Rd, Millsap, TX, 76066 generates $3,284/mo in rent and, after a $1,713/mo payment, leaves $795/mo in cash flow. Total monthly income is $3,284/mo, and annual cash flow is $9,542/yr on $116,025 invested. Return on cash invested sits at 28.13% in year one, and rental yield is 11.26% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 148.18% and total cumulative return in cash sums $171,926. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,284/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
1 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76066, Millsap, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,848 (100%) |
| Owner Occupied HU | 1,410 (76.3%) |
| Renter Occupied HU | 285 (15.4%) |
| Vacant Housing Units | 153 ( 8.3%) |
| Median Home Value | $373,667 |
| Average Home Value | $405,397 |
Residential
1,678
Single Family
1,678
Multi-Family
0
Businesses
122
Date | Event | Price |
|---|---|---|
| 2024-05-12 | Listed for sale | $350,000 |
| 2024-04-05 | Contingent | $350,000 |
| 2024-03-09 | Listed for sale | $350,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | N/A | N/A | $277,980 | 19.83% |
| 2022-08-14 | N/A | N/A | $231,970 | N/A |
| 2021-08-14 | N/A | N/A | $231,970 | 21.87% |
Listed by: Christy Dorr • Cornerstone Home and Ranch
Mls Name: NTREIS
Mls ID: #20548479
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.
