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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 Hillsboro at 705 E Elm St, Hillsboro, TX, 76645 priced at $145,000 converts $1,166/mo rent into $135/mo cash flow after a $710/mo obligation. Total monthly income equals $1,166/mo, and annual cash flow totals $1,615/yr on $48,068 invested. Return on cash invested prints 23.27% in year one, and rental yield reads 9.65% against a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation compiles into $40,061 by year five. Five-year ROI reaches 122.12% and total cumulative return in cash sums $58,700. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,166/mo property income covering a $710/mo payment, not borrower’s personal income.
Single Family
Built in 1945
7,797 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76645, Hillsboro, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,917 (100%) |
| Owner Occupied HU | 2,873 (58.4%) |
| Renter Occupied HU | 1,461 (29.7%) |
| Vacant Housing Units | 583 (11.9%) |
| Median Home Value | $200,509 |
| Average Home Value | $251,751 |
Residential
4,447
Single Family
3,965
Multi-Family
482
Businesses
599
Date | Event | Price |
|---|---|---|
| 2025-01-16 | Listed for sale | $145,000 |
| 2024-11-06 | Listing removed | $1,500 |
| 2024-10-16 | Listed for rent | $1,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | N/A | N/A | $75,220 | 8.46% |
| 2023-02-13 | $354.28 | 3.63% | $69,350 | 9.49% |
| 2022-02-13 | $341.86 | 11.17% | $63,340 | 19.98% |
Listed by: Dylan Slade • Parker Properties Real Estate
Mls Name: NTREIS
Mls ID: #20817066
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.
