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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 Midlothian at 705 Reindeer Dr, Midlothian, TX, 76065 priced at $295,000 converts $2,718/mo rent into $537/mo cash flow after a $1,444/mo obligation. Total monthly income equals $2,718/mo, and annual cash flow totals $6,448/yr on $97,793 invested. Return on cash invested prints 26.5% in year one, and rental yield reads 11.06% against a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation compiles into $81,503 by year five. Five-year ROI reaches 139.8% and total cumulative return in cash sums $136,718. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,718/mo property income covering a $1,444/mo payment, not borrower’s personal income.
Single Family
Built in 2004
9,016 sqft lot
$N/A/sqft
$172 semi-annually HOA
Neighborhood data shown for ZIP Code: 76065, Midlothian, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,220 (100%) |
| Owner Occupied HU | 15,180 (79.0%) |
| Renter Occupied HU | 3,250 (16.9%) |
| Vacant Housing Units | 790 ( 4.1%) |
| Median Home Value | $430,364 |
| Average Home Value | $474,199 |
Residential
17,533
Single Family
16,402
Multi-Family
1,131
Businesses
1,208
Date | Event | Price |
|---|---|---|
| 2025-08-23 | Listed for sale | $295,000 |
| 2011-12-01 | Listing removed | $1,350 |
| 2011-09-23 | Listed for rent | $1,350 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-24 | $5545.85 | -8.93% | $277,169 | -7.52% |
| 2023-08-24 | $6089.44 | 7.21% | $299,717 | 18.22% |
| 2022-08-24 | $5679.99 | N/A | $253,518 | 27.88% |
Listed by: Millicent Roberts-Reagins • Classic Property Management
Mls Name: NTREIS
Mls ID: #21040813
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.
