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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 Bishop at 505 W Main St, Bishop, TX, 78343 offers a 7.96% rental yield on a $104,000 purchase with $690/mo rent. 18% in year one. Equity gained on principal adds $671/yr while 5% annual appreciation supports $28,733 over five years. Portfolio math shows five-year ROI at 94.88% and total cumulative return in cash at $32,712. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $690/mo property income against a $509/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78343, Bishop, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,903 (100%) |
| Owner Occupied HU | 1,202 (63.2%) |
| Renter Occupied HU | 417 (21.9%) |
| Vacant Housing Units | 284 (14.9%) |
| Median Home Value | $162,143 |
| Average Home Value | $204,020 |
Residential
1,595
Single Family
1,555
Multi-Family
40
Businesses
98
Date | Event | Price |
|---|---|---|
| 2025-07-15 | Listed for sale | $104,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-15 | $703.69 | 7.15% | $94,530 | 10.00% |
| 2023-07-15 | $656.76 | -4.19% | $85,936 | 2.48% |
| 2022-07-15 | $685.49 | 8.33% | $83,853 | 10.00% |
No similar rental properties found nearby.
Listed by: Keri Matthews • Coldwell Banker Pacesetter Ste
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #462038
Disclaimer: Based on information from South Texas MLS, LLC as of 2025-07-15 14:38:48 PDT. All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein AS IS and without any warranty, express or implied. MLS aggregate data is a copyright of Texas Association of REALTORS (TAR) and that the reader may not reproduce or distribute the MLS aggregate data.
