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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 Meridian at 703 N Main, Meridian, TX, 76665 at $310,000 posts ROI 20.42% with $44/mo cash flow from $2,248/mo rent. Total monthly income equals $2,248/mo, and annual cash flow records $526/yr on $102,765 to close. Return on cash invested measures 20.42% and rental yield reads 8.7% at the current $310,000. Equity gained on principal adds $2,000/yr, and 5% annual appreciation supports $85,647 by year five. Five-year ROI prints 106.79% and total cumulative return in cash totals $109,747.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,248/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1942
1.29 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76665, Meridian, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,208 (100%) |
| Owner Occupied HU | 735 (60.8%) |
| Renter Occupied HU | 262 (21.7%) |
| Vacant Housing Units | 211 (17.5%) |
| Median Home Value | $184,028 |
| Average Home Value | $338,017 |
Residential
847
Single Family
847
Multi-Family
0
Businesses
156
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Micki Patton Cannon • Patton-Cannon Real Estate
Mls Name: NTREIS
Mls ID: #20977799
