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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 Italy at 701 Cherie St, Italy, TX, 76651 listed at $228,000 pairs $3,001/mo rent with a $1,116/mo payment to leave $1,380/mo cash flow. Total monthly income runs $3,001/mo, and annual cash flow reaches $16,555/yr on $75,582 cash to close. Return on cash invested measures 41.81% in year one, and rental yield registers 15.79% at a $228,000 basis. Equity gained on principal adds $1,471/yr, and annual property appreciation at 5% supports $62,992 by year five. Five-year ROI tracks 221.53% and total cumulative return in cash totals $167,439. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,001/mo property income relative to a $1,116/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1989
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76651, Italy, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,300 (100%) |
| Owner Occupied HU | 843 (64.8%) |
| Renter Occupied HU | 359 (27.6%) |
| Vacant Housing Units | 98 ( 7.5%) |
| Median Home Value | $294,492 |
| Average Home Value | $395,569 |
Residential
1,103
Single Family
1,103
Multi-Family
0
Businesses
78
Date | Event | Price |
|---|---|---|
| 2024-08-15 | Listed for sale | $228,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-16 | $2351.00 | -21.68% | $173,394 | 10.00% |
| 2022-08-16 | $3001.80 | N/A | $157,631 | 10.00% |
| 2021-08-16 | N/A | N/A | $143,301 | 20.14% |
Listed by: Amy Mcdaniel • Keller Williams Realty
Mls Name: NTREIS
Mls ID: #20703639
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.
