Is Myrtle Springs, TX a good place to invest in rental property?

Myrtle Springs, TX has a median modeled monthly cash flow of $-2,536 and a median cap rate of 1.1%, on a median sold price of $415,000. Prices changed +16.6% year over year.

What is the average cap rate in Myrtle Springs, TX?

The median cap rate across recently sold homes in Myrtle Springs, TX is 1.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Myrtle Springs, TX?

The median sold price in Myrtle Springs, TX is $415,000 (about $232 per square foot).

Investing in Myrtle Springs, TX Real Estate

A data-driven snapshot of the Myrtle Springs, TX rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$415,000Median sold price

$232Median $/sqft

1.1%Median cap rate

$-2,536Modeled cash flow / mo

+16.6%Appreciation YoY

10.4Months of supply

40Active listings

46Sold (last 12 mo)

What the Myrtle Springs numbers say

In Myrtle Springs, TX, the median home sold for $415,000 (about $232 per square foot), and the typical deal models out to a 1.1% cap rate with a median $-2,536 of monthly cash flow. Sold prices moved +16.6% over the past year. Inventory sits at about 10.4 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Texas markets to compare

See Myrtle Springs cash-flowing listings

CashFlowRE ranks every for-sale home in Myrtle Springs, TX by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Myrtle Springs deals, or browse the national market data.