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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 Mart at 511 S Smyth St, Mart, TX, 76664 listed at $100,000 pairs $1,878/mo rent with a $489/mo payment to leave $1,167/mo cash flow. Total monthly income runs $1,878/mo, and annual cash flow reaches $14,008/yr on $33,150 cash to close. Return on cash invested measures 62.17% in year one, and rental yield registers 22.54% at a $100,000 basis. Equity gained on principal adds $645/yr, and annual property appreciation at 5% supports $27,628 by year five. Five-year ROI tracks 330.76% and total cumulative return in cash totals $109,648. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,878/mo property income relative to a $489/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2000
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76664, Mart, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,479 (100%) |
| Owner Occupied HU | 924 (62.5%) |
| Renter Occupied HU | 315 (21.3%) |
| Vacant Housing Units | 240 (16.2%) |
| Median Home Value | $207,386 |
| Average Home Value | $270,942 |
Residential
1,287
Single Family
1,287
Multi-Family
0
Businesses
96
Date | Event | Price |
|---|---|---|
| 2024-08-05 | Listed for sale | $100,000 |
| 2024-07-31 | Pending sale | $100,000 |
| 2024-07-04 | Listed for sale | $100,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-16 | $602.75 | -0.94% | $26,430 | 9.17% |
| 2022-08-16 | $608.50 | 17.16% | $24,210 | 22.96% |
| 2021-08-16 | $519.39 | N/A | $19,690 | -0.91% |
Listed by: Joy Hooter • BK Real Estate LLC
Mls Name: WMLS
Mls Provider:
Mls ID: #222337
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 03:54:50 PDT
