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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 Mineral Wells at 507 NW 11th St, Mineral Wells, TX, 76067 earns from $2,280/mo rent with a $1,894/mo payment. Total monthly income totals $2,280/mo. ROI tracks 15.5% on current figures, and rental yield reads 7.07% at a $387,000 purchase. Equity gained on principal adds $2,497/yr, and 5% annual appreciation supports $106,921 over five years. Five-year ROI reaches 80.41% and total cumulative return in cash sums $103,154. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,280/mo property income instead of your personal income.
Single Family
Built in 1922
5,009 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76067, Mineral Wells, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,166 (100%) |
| Owner Occupied HU | 5,343 (58.3%) |
| Renter Occupied HU | 2,995 (32.7%) |
| Vacant Housing Units | 828 ( 9.0%) |
| Median Home Value | $176,632 |
| Average Home Value | $235,364 |
Residential
8,713
Single Family
8,220
Multi-Family
493
Businesses
676
Date | Event | Price |
|---|---|---|
| 2024-12-13 | Price change | $387,000 |
| 2024-11-25 | Listed for sale | $395,000 |
| 2024-06-18 | Sold | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-12 | $6154.72 | 86.39% | $281,870 | 93.91% |
| 2023-02-12 | $3302.06 | -46.58% | $145,360 | -42.42% |
| 2022-02-12 | $6181.35 | 20.01% | $252,450 | 35.63% |
Listed by: Carlee Otero • Jake Link Properties, LLC
Mls Name: NTREIS
Mls ID: #20785419
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.
