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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 Midlothian at 602 Oak Grove Ct, Midlothian, TX, 76065 uses $145,860 cash to close to unlock $27,022/yr annual cash flow and $2,252/mo monthly cash flow. Total monthly income runs $5,419/mo, and a $2,154/mo payment keeps the spread at $2,252/mo. Purchase price stands at $440,000, and rental yield measures 14.78% with $5,419/mo rent. Return on cash invested shows 38.43% in year one, and 5% annual appreciation builds toward $121,564 over five years. Five-year ROI reaches 203.5% and total cumulative return in cash records $296,830. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,419/mo property income covering a $2,154/mo payment rather than investor’s personal income.
Single Family
Built in 2021
0.34 Acres lot
$N/A/sqft
$454 annually HOA
Neighborhood data shown for ZIP Code: 76065, Midlothian, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,220 (100%) |
| Owner Occupied HU | 15,180 (79.0%) |
| Renter Occupied HU | 3,250 (16.9%) |
| Vacant Housing Units | 790 ( 4.1%) |
| Median Home Value | $430,364 |
| Average Home Value | $474,199 |
Residential
17,533
Single Family
16,402
Multi-Family
1,131
Businesses
1,208
Date | Event | Price |
|---|---|---|
| 2024-08-06 | Listed for sale | $440,000 |
| 2023-06-01 | Sold | N/A |
| 2023-05-01 | Pending sale | $460,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Amberly Sneed • Phelps Realty Group, LLC
Mls Name: NTREIS
Mls ID: #20685980
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.
