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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 591 S Swanson Rd, Mineral Wells, TX, 76067 priced at $460,000 converts $3,394/mo rent into $123/mo cash flow after a $2,251/mo obligation. Total monthly income equals $3,394/mo, and annual cash flow totals $1,480/yr on $152,490 invested. Return on cash invested prints 20.88% in year one, and rental yield reads 8.85% against a $460,000 entry. Equity gained on principal adds $2,968/yr, while 5% annual appreciation compiles into $127,090 by year five. Five-year ROI reaches 109.27% and total cumulative return in cash sums $166,633. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,394/mo property income covering a $2,251/mo payment, not borrower’s personal income.
Single Family
Built in 1945
4.60 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 |
|---|---|---|
| 2024-08-21 | Listed for sale | $460,000 |
| 2024-08-06 | Contingent | $470,000 |
| 2024-07-10 | Price change | $470,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-30 | $3035.61 | -43.29% | $330,880 | 5.56% |
| 2022-08-30 | $5353.10 | 84.61% | $313,460 | 124.78% |
| 2021-08-30 | $2899.63 | 17.77% | $139,450 | 26.76% |
Listed by: Heather Kingston • Cates & Company
Mls Name: NTREIS
Mls ID: #20628304
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.
