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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 Cherokee at 505 E fm 501 Highway, Cherokee, TX, 76832 offers a 8.94% rental yield on a $235,000 purchase with $1,751/mo rent. Total monthly income registers $1,751/mo, and a $1,150/mo payment leaves $80/mo available for distribution. Annual cash flow reaches $961/yr on $77,903 to close, and return on cash invested stands at 21.14% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,926 over five years. Portfolio math shows five-year ROI at 110.71% and total cumulative return in cash at $86,248. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,751/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
7.73 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76832, Cherokee, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 292 (100%) |
| Owner Occupied HU | 163 (55.8%) |
| Renter Occupied HU | 57 (19.5%) |
| Vacant Housing Units | 72 (24.7%) |
| Median Home Value | $212,500 |
| Average Home Value | $389,632 |
Residential
137
Single Family
137
Multi-Family
0
Businesses
11
Date | Event | Price |
|---|---|---|
| 2025-08-28 | Listed for sale | $235,000 |
| 2024-08-22 | Listing removed | N/A |
| 2024-08-22 | Price change | $299,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-28 | $877.10 | -3.21% | $66,510 | 1.51% |
| 2023-08-28 | $906.20 | -3.33% | $65,520 | 7.16% |
| 2022-08-28 | $937.41 | 14.67% | $61,140 | 18.72% |
Listed by: Stanley Miller • Jesse James Real Estate
Mls Name: HLMLS
Mls Provider:
Mls ID: #174868
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.
