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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 Happy at Running Water Rd, Happy, TX, 79042 priced at $462,000 converts $2,762/mo rent into after a $2,261/mo obligation. Total monthly income equals $2,762/mo. Return on cash invested prints 15.81% in year one, and rental yield reads 7.17% against a $462,000 entry. Equity gained on principal adds $2,981/yr, while 5% annual appreciation compiles into $127,642 by year five. Five-year ROI reaches 82.06% and total cumulative return in cash sums $125,681. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,762/mo property income covering a $2,261/mo payment, not borrower’s personal income.
Single Family
Built in N/A
154.84 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 79042, Happy, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 514 (100%) |
| Owner Occupied HU | 331 (64.4%) |
| Renter Occupied HU | 105 (20.4%) |
| Vacant Housing Units | 78 (15.2%) |
| Median Home Value | $210,484 |
| Average Home Value | $278,784 |
Residential
193
Single Family
193
Multi-Family
0
Businesses
29
Date | Event | Price |
|---|---|---|
| 2024-02-07 | Price change | $270,900 |
| 2023-08-25 | Listed for sale | $462,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
No similar rental properties found nearby.
No similar price properties found nearby.
Listed by: Colby Gunnels • Clift Land Brokers
Mls Name: AMMLS
Mls Provider:
Mls ID: #23-6281
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.
