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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% |
Investment property for sale in Mineral wells at 708 SW 16th St, Mineral wells, TX, 76067 earns $167/mo cash flow from $1,440/mo rent with a $876/mo payment. Total monthly income totals $1,440/mo, and annual cash flow totals $2,007/yr on $59,339 capital. ROI tracks 23.29% on current figures, and rental yield reads 9.65% at a $179,000 purchase. Equity gained on principal adds $1,155/yr, and 5% annual appreciation supports $49,454 over five years. Five-year ROI reaches 122.25% and total cumulative return in cash sums $72,543. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,440/mo property income instead of your 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 |
|---|---|---|
| 2024-11-26 | Listed for sale | $179,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | $1771.04 | 13.06% | $154,110 | 34.20% |
| 2023-12-27 | $1566.44 | -41.86% | $114,840 | -1.72% |
| 2022-12-27 | $2694.30 | 9.34% | $116,850 | 31.22% |
Listed by: Michael Rankin • INC Realty, LLC
Mls Name: NTREIS
Mls ID: #20781401
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.
