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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 Meridian at 8395 State Highway 22, Meridian, TX, 76665 generates $1,352/mo in rent, after a $3,162/mo payment. Total monthly income is $1,352/mo. Return on cash invested sits at 1.76% in year one, and rental yield is 2.51% on a $646,000 entry. Equity gained on principal adds $4,169/yr, while 5% annual appreciation builds toward $178,478 over five years. Five-year ROI reaches 6.69% and total cumulative return in cash sums $14,226. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,352/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
4.01 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76665, Meridian, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,208 (100%) |
| Owner Occupied HU | 735 (60.8%) |
| Renter Occupied HU | 262 (21.7%) |
| Vacant Housing Units | 211 (17.5%) |
| Median Home Value | $184,028 |
| Average Home Value | $338,017 |
Residential
847
Single Family
847
Multi-Family
0
Businesses
156
Date | Event | Price |
|---|---|---|
| 2025-05-31 | Listed for sale | $646,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-06-01 | $4235.04 | -9.60% | $306,449 | -1.63% |
| 2022-06-01 | $4684.73 | 12.03% | $311,523 | 25.85% |
| 2021-06-01 | $4181.70 | 144.21% | $247,526 | 130.57% |
Listed by: Micki Patton Cannon • Patton-Cannon Real Estate
Mls Name: NTREIS
Mls ID: #20953236
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.
