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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 Lipan at 890 Nash Ln, Lipan, TX, 76462 priced at $339,000 converts $2,417/mo rent into $7/mo cash flow after a $1,659/mo obligation. Total monthly income equals $2,417/mo, and annual cash flow totals $79/yr on $112,379 invested. Return on cash invested prints 19.98% in year one, and rental yield reads 8.56% against a $339,000 entry. Equity gained on principal adds $2,188/yr, while 5% annual appreciation compiles into $93,659 by year five. Five-year ROI reaches 104.45% and total cumulative return in cash sums $117,376. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,417/mo property income covering a $1,659/mo payment, not borrower’s personal income.
Single Family
Built in 1979
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76462, Lipan, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,577 (100%) |
| Owner Occupied HU | 1,156 (73.3%) |
| Renter Occupied HU | 224 (14.2%) |
| Vacant Housing Units | 197 (12.5%) |
| Median Home Value | $393,814 |
| Average Home Value | $502,766 |
Residential
1,450
Single Family
1,450
Multi-Family
0
Businesses
51
Date | Event | Price |
|---|---|---|
| 2025-06-02 | Listed for sale | $339,000 |
| 2025-03-11 | Listing removed | $349,900 |
| 2025-02-12 | Price change | $349,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-03 | $4141.89 | 651.39% | $223,880 | -18.65% |
| 2023-06-03 | $551.23 | 0.37% | $275,220 | 99.74% |
| 2022-06-03 | $549.20 | 3.61% | $137,790 | N/A |
Listed by: Kristin Arredondo • Cates & Company
Mls Name: NTREIS
Mls ID: #20955628
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.
