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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 Meridian at 505 N Main St, Meridian, TX, 76665 earns $3,437/mo cash flow from $6,280/mo rent with a $1,957/mo payment. Total monthly income totals $6,280/mo, and annual cash flow totals $41,239/yr on $132,567 capital. ROI tracks 51.02% on current figures, and rental yield reads 18.84% at a $399,900 purchase. Equity gained on principal adds $2,580/yr, and 5% annual appreciation supports $110,485 over five years. Five-year ROI reaches 270.87% and total cumulative return in cash sums $359,084. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,280/mo property income instead of your personal income.
Single Family
Built in 1930
1.02 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76665, Meridian, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,208 (100%) |
| Owner Occupied HU | 735 (60.8%) |
| Renter Occupied HU | 262 (21.7%) |
| Vacant Housing Units | 211 (17.5%) |
| Median Home Value | $184,028 |
| Average Home Value | $338,017 |
Residential
847
Single Family
847
Multi-Family
0
Businesses
156
Date | Event | Price |
|---|---|---|
| 2024-06-18 | Price change | $399,900 |
| 2024-06-13 | Price change | $428,000 |
| 2024-04-26 | Price change | $429,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Danya Lane • Texas Luxury and Land
Mls Name: WMLS
Mls Provider:
Mls ID: #222511
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Waco Association of Realtors. IDX information is provided exclusively for consumers' 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 deemed reliable but not guaranteed. Copyright 2024 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2024-08-16 03:54:50 PDT
