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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 Mineral Wells at 555 Glidewell Rd, Mineral Wells, TX, 76067 priced at $970,000 converts $1,800/mo rent into after a $4,748/mo obligation. Total monthly income equals $1,800/mo. Return on cash invested prints 0.89% in year one, and rental yield reads 2.23% against a $970,000 entry. Equity gained on principal adds $6,259/yr, while 5% annual appreciation compiles into $267,993 by year five. Five-year ROI reaches 2.04% and total cumulative return in cash sums $6,497. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,800/mo property income covering a $4,748/mo payment, not borrower’s personal income.
Single Family
Built in 2000
20.02 Acres 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 |
|---|---|---|
| 2022-10-21 | Listed for sale | $970,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | $20.78 | -8.94% | $296,710 | 4.00% |
| 2023-12-27 | $22.82 | -10.02% | $285,300 | N/A |
| 2022-12-27 | $25.36 | -10.33% | $285,300 | 44.23% |
Listed by: David Bourquin • BOURQUIN REALTY
Mls Name: NTREIS
Mls ID: #20191457
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.
