518 Goodson StMineolaTX75773
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Mineola at 518 Goodson St, Mineola, TX, 75773 listed at $111,500 pairs $860/mo rent with a $546/mo payment to leave $67/mo cash flow. Total monthly income runs $860/mo, and annual cash flow reaches $802/yr on $36,962 cash to close. Return on cash invested measures 22.08% in year one, and rental yield registers 9.26% at a $111,500 basis. Equity gained on principal adds $719/yr, and annual property appreciation at 5% supports $30,805 by year five. Five-year ROI tracks 115.68% and total cumulative return in cash totals $42,758. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $860/mo property income relative to a $546/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
7,100 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75773, Mineola, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,602 (100%) |
| Owner Occupied HU | 4,425 (67.0%) |
| Renter Occupied HU | 1,415 (21.4%) |
| Vacant Housing Units | 762 (11.5%) |
| Median Home Value | $226,528 |
| Average Home Value | $273,507 |
Housing Distribution
Address Breakdown
Residential
6,104
Single Family
5,860
Multi-Family
244
Businesses
565
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Listed by: April Clements • Fathom Realty
Mls Name: NTREIS
Mls ID: #20829486
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.