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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 Smithville at 705 Gresham St, Smithville, TX, 78957 priced at $310,000 converts $2,408/mo rent into $204/mo cash flow after a $1,517/mo obligation. Total monthly income equals $2,408/mo, and annual cash flow totals $2,446/yr on $102,765 invested. Return on cash invested prints 22.29% in year one, and rental yield reads 9.32% against a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation compiles into $85,647 by year five. Five-year ROI reaches 116.81% and total cumulative return in cash sums $120,043. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,408/mo property income covering a $1,517/mo payment, not borrower’s personal income.
Single Family
Built in 1937
6,054 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78957, Smithville, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,292 (100%) |
| Owner Occupied HU | 3,461 (65.4%) |
| Renter Occupied HU | 1,103 (20.8%) |
| Vacant Housing Units | 728 (13.8%) |
| Median Home Value | $324,812 |
| Average Home Value | $406,026 |
Residential
4,275
Single Family
4,233
Multi-Family
42
Businesses
344
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: Molly Todd • Molly Todd, REALTOR
Mls Name: Unlock MLS
Mls ID: #1190054
