611 SE 2nd AveMineral WellsTX76067
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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 Mineral Wells at 611 SE 2nd Ave, Mineral Wells, TX, 76067 uses $41,404 cash to close to unlock $734/yr annual cash flow and $61/mo monthly cash flow. Total monthly income runs $949/mo, and a $611/mo payment keeps the spread at $61/mo. Purchase price stands at $124,900, and rental yield measures 9.12% with $949/mo rent. Return on cash invested shows 21.68% in year one, and 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 113.66% and total cumulative return in cash records $47,062. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $949/mo property income covering a $611/mo payment rather than investor’s personal income.
Single Family
Built in 1920
2,482 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76067, Mineral Wells, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
8,713
Single Family
8,220
Multi-Family
493
Businesses
676
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
No similar price properties found nearby.
Listed by: Jeremy Hoffman • Jeremy Hoffman, Broker
Mls Name: NTREIS
Mls ID: #21070612