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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 Gordon at 423 W Cedar St, Gordon, TX, 76453 priced at $430,000 converts $2,747/mo rent into after a $2,105/mo obligation. Total monthly income equals $2,747/mo. Return on cash invested prints 17.29% in year one, and rental yield reads 7.67% against a $430,000 entry. Equity gained on principal adds $2,775/yr, while 5% annual appreciation compiles into $118,801 by year five. Five-year ROI reaches 90% and total cumulative return in cash sums $128,295. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,747/mo property income covering a $2,105/mo payment, not borrower’s personal income.
Single Family
Built in 1900
4.50 Acres lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2024-08-06 | Listed for sale | $430,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | $1093.14 | 3.18% | $203,300 | 27.68% |
| 2023-12-27 | $1059.42 | -9.01% | $159,220 | N/A |
| 2022-12-27 | $1164.31 | -2.48% | $159,220 | 7.16% |
Listed by: Wesley Skalak • Rutledge Realty Group, LLC
Mls Name: NTREIS
Mls ID: #20693598
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.
