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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 Godley at 508 N Pearson St, Godley, TX, 76044 offers $4,080/mo rent that, after a $1,213/mo payment, leaves $2,317/mo cash flow. Total monthly income is $4,080/mo, and annual cash flow is $27,810/yr on $82,179 cash. Return on cash invested measures 53.75% in year one, and rental yield stands at 19.75% at a $247,900 entry. Equity gained on principal adds $1,600/yr while 5% annual appreciation compounds into $68,490 by year five. Five-year ROI records 285.56% and total cumulative return in cash reaches $234,671. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,080/mo property income versus a $1,213/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76044, Godley, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,579 (100%) |
| Owner Occupied HU | 2,998 (83.8%) |
| Renter Occupied HU | 342 ( 9.6%) |
| Vacant Housing Units | 239 ( 6.7%) |
| Median Home Value | $424,069 |
| Average Home Value | $550,357 |
Residential
3,397
Single Family
3,397
Multi-Family
0
Businesses
190
Date | Event | Price |
|---|---|---|
| 2024-08-03 | Price change | $247,900 |
| 2024-07-23 | Price change | $257,900 |
| 2024-07-03 | Price change | $264,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-13 | $1649.60 | -27.34% | $130,780 | 10.00% |
| 2022-08-13 | $2270.39 | -0.86% | $118,891 | 10.00% |
| 2021-08-13 | $2290.12 | 10.14% | $108,083 | 10.00% |
Listed by: Tara Roden • Fathom Realty LLC
Mls Name: NTREIS
Mls ID: #20631549
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.
