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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 Mineral Wells at 706 SW 16th St, Mineral Wells, TX, 76067 generates $1,440/mo in rent and, after a $857/mo payment, leaves $195/mo in cash flow. Total monthly income is $1,440/mo, and annual cash flow is $2,341/yr on $58,013 invested. Return on cash invested sits at 23.94% in year one, and rental yield is 9.87% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 125.78% and total cumulative return in cash sums $72,967. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,440/mo property income rather than buyer’s personal income.
Manufactured
Built in 2024
9,931 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76067, Mineral Wells, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,166 (100%) |
| Owner Occupied HU | 5,343 (58.3%) |
| Renter Occupied HU | 2,995 (32.7%) |
| Vacant Housing Units | 828 ( 9.0%) |
| Median Home Value | $176,632 |
| Average Home Value | $235,364 |
Residential
8,713
Single Family
8,220
Multi-Family
493
Businesses
676
Date | Event | Price |
|---|---|---|
| 2024-07-17 | Price change | $175,000 |
| 2024-06-27 | Price change | $179,000 |
| 2024-06-15 | Price change | $185,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $1355.25 | 5.11% | $59,660 | 13.30% |
| 2022-08-14 | $1289.33 | -42.31% | $52,657 | -34.80% |
| 2021-08-14 | $2234.82 | -1.34% | $80,760 | 4.44% |
Listed by: Michael Rankin • INC Realty, LLC
Mls Name: NTREIS
Mls ID: #20591474
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.
