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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 508 E 6th St, Bishop, TX, 78343 earns $548/mo cash flow from $2,198/mo rent with a $1,136/mo payment. Total monthly income totals $2,198/mo, and annual cash flow totals $6,573/yr on $76,908 capital. ROI tracks 28.46% on current figures, and rental yield reads 11.37% at a $232,000 purchase. Equity gained on principal adds $1,497/yr, and 5% annual appreciation supports $64,097 over five years. Five-year ROI reaches 149.9% and total cumulative return in cash sums $115,283. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,198/mo property income instead of your personal income.
Single Family
Built in 1948
0.48 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 |
|---|---|---|
| 2025-04-02 | Listed for sale | $232,000 |
| 2024-12-18 | Listing removed | $247,900 |
| 2024-11-30 | Price change | $247,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-02 | $3483.53 | 15.15% | $228,727 | 10.00% |
| 2023-04-02 | $3025.19 | -16.28% | $207,934 | 10.00% |
| 2022-04-02 | $3613.38 | -0.51% | $189,031 | 7.24% |
Listed by: Jackie Rogers • Ultima Real Estate
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #456876
Disclaimer: Based on information from South Texas MLS, LLC as of 2025-04-02 11:55:56 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.
