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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 Springtown at 513 Payne Ln, Springtown, TX, 76082 priced at $389,900 converts $2,861/mo rent into $89/mo cash flow after a $1,908/mo obligation. Total monthly income equals $2,861/mo, and annual cash flow totals $1,065/yr on $129,252 invested. Return on cash invested prints 20.73% in year one, and rental yield reads 8.81% against a $389,900 entry. Equity gained on principal adds $2,516/yr, while 5% annual appreciation compiles into $107,722 by year five. Five-year ROI reaches 108.47% and total cumulative return in cash sums $140,197. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,861/mo property income covering a $1,908/mo payment, not borrower’s personal income.
Single Family
Built in 2023
1.20 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76082, Springtown, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,102 (100%) |
| Owner Occupied HU | 7,143 (78.5%) |
| Renter Occupied HU | 1,423 (15.6%) |
| Vacant Housing Units | 536 ( 5.9%) |
| Median Home Value | $347,703 |
| Average Home Value | $447,119 |
Residential
9,245
Single Family
9,186
Multi-Family
59
Businesses
598
Date | Event | Price |
|---|---|---|
| 2024-10-15 | Price change | $389,900 |
| 2024-09-30 | Listed for sale | $399,900 |
| 2024-09-13 | Listing removed | $399,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Dylan Davis • Luxe West Realty
Mls Name: NTREIS
Mls ID: #20681495
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.
