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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 Mineral Wells at 516 SE 17th St, Mineral Wells, TX, 76067 uses $62,654 cash to close to unlock $5,473/yr annual cash flow and $456/mo monthly cash flow. Total monthly income runs $1,800/mo, and a $925/mo payment keeps the spread at $456/mo. Purchase price stands at $189,000, and rental yield measures 11.43% with $1,800/mo rent. Return on cash invested shows 28.64% in year one, and 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 150.98% and total cumulative return in cash records $94,594. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,800/mo property income covering a $925/mo payment rather than investor’s personal income.
Single Family
Built in 1950
8,450 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76067, Mineral Wells, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,166 (100%) |
| Owner Occupied HU | 5,343 (58.3%) |
| Renter Occupied HU | 2,995 (32.7%) |
| Vacant Housing Units | 828 ( 9.0%) |
| Median Home Value | $176,632 |
| Average Home Value | $235,364 |
Residential
8,713
Single Family
8,220
Multi-Family
493
Businesses
676
Date | Event | Price |
|---|---|---|
| 2024-08-28 | Price change | $189,000 |
| 2024-08-21 | Price change | $195,000 |
| 2024-07-26 | Listed for sale | $199,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | $2847.38 | -9.77% | $153,010 | 10.15% |
| 2023-12-27 | $3155.54 | 127.76% | $138,910 | 25.40% |
| 2022-12-27 | $1385.49 | -13.52% | $110,770 | 30.33% |
Listed by: Michael Rankin • INC Realty, LLC
Mls Name: NTREIS
Mls ID: #20685443
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.
