1000 S Spears StAlvaradoTX76009
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Alvarado at 1000 S Spears St, Alvarado, TX, 76009 offers a 6.05% rental yield on a $310,000 purchase with $1,562/mo rent. 41% in year one. Equity gained on principal adds $2,000/yr while 5% annual appreciation supports $85,647 over five years. Portfolio math shows five-year ROI at 63.83% and total cumulative return in cash at $65,599. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,562/mo property income against a $1,517/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76009, Alvarado, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,885 (100%) |
| Owner Occupied HU | 6,636 (74.7%) |
| Renter Occupied HU | 1,757 (19.8%) |
| Vacant Housing Units | 492 ( 5.5%) |
| Median Home Value | $258,762 |
| Average Home Value | $301,630 |
Housing Distribution
Address Breakdown
Residential
8,499
Single Family
8,345
Multi-Family
154
Businesses
651
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