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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 Springtown at 716 Cherry Ln, Springtown, TX, 76082 priced at $295,000 pairs $2,759/mo rent with $617/mo cash flow after a $1,444/mo payment. Total monthly income equals $2,759/mo, and annual cash flow comes to $7,405/yr on $97,793 invested. Return on cash invested is 27.48% in year one, and rental yield stands at 11.22% on a $295,000 basis. Equity gained on principal adds $1,904/yr, and 5% annual appreciation accumulates to $81,503 by year five. Five-year ROI measures 144.91% and total cumulative return in cash reaches $141,710. For financing, Ziffy Mortgage’s DSCR program evaluates $2,759/mo property income against a $1,444/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1966
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76082, Springtown, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,102 (100%) |
| Owner Occupied HU | 7,143 (78.5%) |
| Renter Occupied HU | 1,423 (15.6%) |
| Vacant Housing Units | 536 ( 5.9%) |
| Median Home Value | $347,703 |
| Average Home Value | $447,119 |
Residential
9,245
Single Family
9,186
Multi-Family
59
Businesses
598
Date | Event | Price |
|---|---|---|
| 2025-03-23 | Listed for sale | $295,000 |
| 2017-07-28 | Sold | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-23 | $5423.71 | 2.47% | $263,680 | N/A |
| 2023-03-23 | $5293.00 | 24.51% | $263,680 | 40.85% |
| 2022-03-23 | $4250.96 | -1.20% | $187,200 | N/A |
Listed by: Paul Stevens • Orchard Brokerage, LLC
Mls Name: NTREIS
Mls ID: #20875277
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.
