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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 Springtown at 506 Summer Tree Ln, Springtown, TX, 76082 offers $3,439/mo rent that, after a $1,370/mo payment, leaves $1,449/mo cash flow. Total monthly income is $3,439/mo, and annual cash flow is $17,383/yr on $92,787 cash. Return on cash invested measures 38.64% in year one, and rental yield stands at 14.74% at a $279,900 entry. Equity gained on principal adds $1,806/yr while 5% annual appreciation compounds into $77,331 by year five. Five-year ROI records 204.52% and total cumulative return in cash reaches $189,769. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,439/mo property income versus a $1,370/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
8,624 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76082, Springtown, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,102 (100%) |
| Owner Occupied HU | 7,143 (78.5%) |
| Renter Occupied HU | 1,423 (15.6%) |
| Vacant Housing Units | 536 ( 5.9%) |
| Median Home Value | $347,703 |
| Average Home Value | $447,119 |
Residential
9,245
Single Family
9,186
Multi-Family
59
Businesses
598
Date | Event | Price |
|---|---|---|
| 2024-07-30 | Price change | $279,900 |
| 2024-06-24 | Price change | $299,900 |
| 2024-05-01 | Price change | $305,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $3220.43 | -16.12% | $294,530 | 39.85% |
| 2022-08-14 | $3839.49 | 4.69% | $210,600 | N/A |
| 2021-08-14 | $3667.53 | 1.88% | $210,600 | 34.61% |
Listed by: Cally Winstead • Kirkpatrick Realty
Mls Name: NTREIS
Mls ID: #20592983
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.
