613 NE 6th 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 613 NE 6th Ave, Mineral Wells, TX, 76067 earns $51/mo cash flow from $868/mo rent with a $562/mo payment. Total monthly income totals $868/mo, and annual cash flow totals $616/yr on $38,089 capital. ROI tracks 21.53% on current figures, and rental yield reads 9.07% at a $114,900 purchase. Equity gained on principal adds $741/yr, and 5% annual appreciation supports $31,745 over five years. Five-year ROI reaches 112.79% and total cumulative return in cash sums $42,962. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $868/mo property income instead of your personal income.
Single Family
Built in N/A
6,011 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: Carolyn Shipp • SOURCE 1 REAL ESTATE - Mineral Wells
Mls Name: NTREIS
Mls ID: #21051464