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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 Meridian at 514 S Broadway St, Meridian, TX, 76665 offers a 12.37% rental yield on a $349,000 purchase with $3,598/mo rent. Total monthly income registers $3,598/mo, and a $1,708/mo payment leaves $1,116/mo available for distribution. Annual cash flow reaches $13,397/yr on $115,694 to close, and return on cash invested stands at 31.49% in year one. Equity gained on principal adds $2,252/yr while 5% annual appreciation supports $96,422 over five years. Portfolio math shows five-year ROI at 166.16% and total cumulative return in cash at $192,240. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,598/mo property income against a $1,708/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
1 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76665, Meridian, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,208 (100%) |
| Owner Occupied HU | 735 (60.8%) |
| Renter Occupied HU | 262 (21.7%) |
| Vacant Housing Units | 211 (17.5%) |
| Median Home Value | $184,028 |
| Average Home Value | $338,017 |
Residential
847
Single Family
847
Multi-Family
0
Businesses
156
Date | Event | Price |
|---|---|---|
| 2024-12-05 | Listed for sale | $349,000 |
| 2024-11-26 | Contingent | $349,000 |
| 2024-11-13 | Price change | $349,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-27 | $3196.83 | 0.25% | $259,570 | 0.43% |
| 2022-12-27 | $3188.83 | 0.94% | $258,466 | 3.15% |
| 2021-12-27 | $3159.18 | -2.50% | $250,564 | 44.76% |
Listed by: Serenda Weathers • All City Real Estate Ltd. Co.
Mls Name: NTREIS
Mls ID: #20710291
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.
