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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 602 SW 4th Ave, Mineral Wells, TX, 76067 generates $3,793/mo in rent and, after a $1,591/mo payment, leaves $1,482/mo in cash flow. Total monthly income is $3,793/mo, and annual cash flow is $17,779/yr on $107,738 invested. Return on cash invested sits at 36.41% in year one, and rental yield is 14% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 192.56% and total cumulative return in cash sums $207,457. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,793/mo property income rather than buyer’s personal income.
Single Family
Built in 1919
0.38 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 |
|---|---|---|
| 2024-07-24 | Listed for sale | $325,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $4500.56 | -7.23% | $198,120 | N/A |
| 2022-08-14 | $4851.07 | 28.28% | $198,120 | 44.97% |
| 2021-08-14 | $3781.71 | 4.13% | $136,660 | 10.23% |
Listed by: Zachary Graham • Keller Williams Heritage West
Mls Name: NTREIS
Mls ID: #20680585
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.
