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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 West at 509 S Main St, West, TX, 76691 with 5% annual appreciation on a $199,900 basis while $2,580/mo rent supports operations. Total monthly income totals $2,580/mo and a $978/mo payment preserves $1,029/mo for cash returns. Annual cash flow comes to $12,349/yr on $66,267 deployed, and return on cash invested reaches 38.54% in year one. Equity gained on principal adds $1,290/yr, and five-year appreciation sums $55,229 alongside rental yield of 15.49%. Five-year ROI measures 204.9% and total cumulative return in cash totals $135,781.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,580/mo property income versus a $978/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1973
8,398 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76691, West, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,894 (100%) |
| Owner Occupied HU | 2,109 (72.9%) |
| Renter Occupied HU | 569 (19.7%) |
| Vacant Housing Units | 216 ( 7.5%) |
| Median Home Value | $298,397 |
| Average Home Value | $355,776 |
Residential
2,793
Single Family
2,717
Multi-Family
76
Businesses
240
Date | Event | Price |
|---|---|---|
| 2024-05-29 | Price change | $199,900 |
| 2024-05-04 | Price change | $205,000 |
| 2024-04-26 | Price change | $215,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-16 | $4875.48 | 4.48% | $240,300 | 12.44% |
| 2022-08-16 | $4666.55 | 38.72% | $213,720 | 58.66% |
| 2021-08-16 | $3363.94 | N/A | $134,700 | 10.22% |
Listed by: Katie Miller • Real Broker, LLC
Mls Name: WMLS
Mls Provider:
Mls ID: #222701
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Waco Association of Realtors. IDX information is provided exclusively for consumers' 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 deemed reliable but not guaranteed. Copyright 2024 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2024-08-16 04:24:49 PDT
