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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 Springtown at 620 N Cedar St, Springtown, TX, 76082 offers $2,280/mo rent that, after a $1,958/mo payment. Total monthly income is $2,280/mo. Return on cash invested measures 14.8% in year one, and rental yield stands at 6.84% at a $399,999 entry. Equity gained on principal adds $2,581/yr while 5% annual appreciation compounds into $110,512 by year five. Five-year ROI records 76.66% and total cumulative return in cash reaches $101,655. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,280/mo property income versus a $1,958/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
2.42 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76082, Springtown, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,102 (100%) |
| Owner Occupied HU | 7,143 (78.5%) |
| Renter Occupied HU | 1,423 (15.6%) |
| Vacant Housing Units | 536 ( 5.9%) |
| Median Home Value | $347,703 |
| Average Home Value | $447,119 |
Residential
9,245
Single Family
9,186
Multi-Family
59
Businesses
598
Date | Event | Price |
|---|---|---|
| 2025-01-30 | Listed for sale | $399,999 |
| 2025-01-28 | Listing removed | $429,000 |
| 2024-11-19 | Price change | $429,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $3300.35 | -49.31% | $160,450 | -50.53% |
| 2023-02-13 | $6510.46 | 39.49% | $324,330 | 57.80% |
| 2022-02-13 | $4667.18 | -1.20% | $205,530 | N/A |
Listed by: Tamra Mcdonald • Selling Southlake
Mls Name: NTREIS
Mls ID: #20830995
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.
