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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 Eddy at 704 W 3rd St, Eddy, TX, 76524 offers $2,300/mo rent that, after a $1,542/mo payment, leaves $60/mo cash flow. Total monthly income is $2,300/mo, and annual cash flow is $717/yr on $104,423 cash. Return on cash invested measures 20.6% in year one, and rental yield stands at 8.76% at a $315,000 entry. Equity gained on principal adds $2,033/yr while 5% annual appreciation compounds into $87,029 by year five. Five-year ROI records 107.74% and total cumulative return in cash reaches $112,505. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,300/mo property income versus a $1,542/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76524, Eddy, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,117 (100%) |
| Owner Occupied HU | 889 (79.6%) |
| Renter Occupied HU | 153 (13.7%) |
| Vacant Housing Units | 75 ( 6.7%) |
| Median Home Value | $281,391 |
| Average Home Value | $316,431 |
Residential
1,036
Single Family
1,036
Multi-Family
0
Businesses
41
Date | Event | Price |
|---|---|---|
| 2025-04-09 | Listed for sale | $315,000 |
| 2024-04-01 | Listing removed | N/A |
| 2024-02-17 | Price change | $315,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-09 | $2600.96 | 14.73% | $218,854 | 10.00% |
| 2023-04-09 | $2267.12 | -19.96% | $198,958 | 10.00% |
| 2022-04-09 | $2832.60 | -2.10% | $180,871 | 10.00% |
Listed by: Debanhi Jobe • Keller Williams Realty, Waco
Mls Name: NTREIS
Mls ID: #229466
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.
