461 Turkey Creek RdMineral WellsTX76067
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Mineral Wells at 461 Turkey Creek Rd, Mineral Wells, TX, 76067 with 5% annual appreciation on a $125,000 basis while $966/mo rent supports operations. Total monthly income totals $966/mo and a $612/mo payment preserves $77/mo for cash returns. Annual cash flow comes to $923/yr on $41,438 deployed, and return on cash invested reaches 22.14% in year one. Equity gained on principal adds $807/yr, and five-year appreciation sums $34,535 alongside rental yield of 9.27%. Five-year ROI measures 116.02% and total cumulative return in cash totals $48,077.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $966/mo property income versus a $612/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2000
1.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76067, Mineral Wells, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,166 (100%) |
| Owner Occupied HU | 5,343 (58.3%) |
| Renter Occupied HU | 2,995 (32.7%) |
| Vacant Housing Units | 828 ( 9.0%) |
| Median Home Value | $176,632 |
| Average Home Value | $235,364 |
Housing Distribution
Address Breakdown
Residential
8,713
Single Family
8,220
Multi-Family
493
Businesses
676
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
No similar price properties found nearby.
Listed by: Victoria Hogg • Texas Ally Real Estate Group
Mls Name: NTREIS
Mls ID: #20947360
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.