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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 Groesbeck at 904 Phyllis Ln, Groesbeck, TX, 76642 offers $3,216/mo rent that, after a $1,062/mo payment, leaves $1,673/mo cash flow. Total monthly income is $3,216/mo, and annual cash flow is $20,076/yr on $71,936 cash. Return on cash invested measures 47.82% in year one, and rental yield stands at 17.78% at a $217,000 entry. Equity gained on principal adds $1,400/yr while 5% annual appreciation compounds into $59,953 by year five. Five-year ROI records 253.7% and total cumulative return in cash reaches $182,501. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,216/mo property income versus a $1,062/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76642, Groesbeck, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,137 (100%) |
| Owner Occupied HU | 1,869 (59.6%) |
| Renter Occupied HU | 597 (19.0%) |
| Vacant Housing Units | 671 (21.4%) |
| Median Home Value | $228,822 |
| Average Home Value | $332,311 |
Residential
2,698
Single Family
2,697
Multi-Family
1
Businesses
349
Date | Event | Price |
|---|---|---|
| 2024-05-14 | Listed for sale | $217,000 |
| 2024-05-09 | Contingent | $217,000 |
| 2024-05-09 | Pending sale | $217,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-08-16 | $2351.47 | -0.74% | $107,327 | 10.00% |
| 2021-08-16 | $2369.01 | N/A | $97,570 | 7.76% |
| 2020-08-16 | N/A | N/A | $90,540 | 7.63% |
Listed by: Rachel Anderson • Rachel Anderson Real Estate
Mls Name: HAR
Mls Provider:
Mls ID: #48041686
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