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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 Temple at 416 W Thompson Ave, Temple, TX, 76501 generates $4,606/mo in rent and, after a $1,762/mo payment, leaves $1,847/mo in cash flow. Total monthly income is $4,606/mo, and annual cash flow is $22,162/yr on $119,340 invested. Return on cash invested sits at 38.48% in year one, and rental yield is 15.35% on a $360,000 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 204.35% and total cumulative return in cash sums $243,873. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,606/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76501, Temple, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,880 (100%) |
| Owner Occupied HU | 4,286 (54.4%) |
| Renter Occupied HU | 2,877 (36.5%) |
| Vacant Housing Units | 717 ( 9.1%) |
| Median Home Value | $232,289 |
| Average Home Value | $269,705 |
Residential
7,369
Single Family
6,892
Multi-Family
477
Businesses
585
Date | Event | Price |
|---|---|---|
| 2024-08-03 | Listed for sale | $360,000 |
| 2024-06-03 | Listing removed | N/A |
| 2024-05-29 | Listed for sale | $369,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-15 | $8368.11 | 31.82% | $364,992 | 19.12% |
| 2022-08-15 | $6348.14 | N/A | $306,419 | 10.00% |
| 2021-08-15 | N/A | N/A | $278,563 | 117.44% |
Listed by: Melesia Hudson • Homestead Real Estate
Mls Name: Central Texas MLS
Mls Provider:
Mls ID: #552806
Disclaimer: Listing and property data is from an Internet Data Exchange (IDX) provided by the Central Texas MLS. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. 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. Copyright 2024 Central Texas MLS, All Rights Reserved.
