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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 Kemp at 507 Commerce St, Kemp, TX, 75143 offers $1,937/mo rent that, after a $1,062/mo payment, leaves $394/mo cash flow. Total monthly income is $1,937/mo, and annual cash flow is $4,728/yr on $71,936 cash. Return on cash invested measures 26.48% in year one, and rental yield stands at 10.71% at a $217,000 entry. Equity gained on principal adds $1,400/yr while 5% annual appreciation compounds into $59,953 by year five. Five-year ROI records 139.3% and total cumulative return in cash reaches $100,205. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,937/mo property income versus a $1,062/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 75143, Kemp, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,606 (100%) |
| Owner Occupied HU | 4,722 (62.1%) |
| Renter Occupied HU | 1,406 (18.5%) |
| Vacant Housing Units | 1,478 (19.4%) |
| Median Home Value | $251,256 |
| Average Home Value | $302,938 |
Residential
6,852
Single Family
6,852
Multi-Family
0
Businesses
410
Date | Event | Price |
|---|---|---|
| 2024-09-30 | Listed for sale | $217,000 |
| 2024-09-14 | Listing removed | $217,000 |
| 2024-08-28 | Listed for sale | $225,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Mike Mazyck • MISSION MINDED REALTY
Mls Name: NTREIS
Mls ID: #20713512
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.
