1002 Morningside Dr #1Terrell HillsTX78209
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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 Terrell Hills at 1002 Morningside Dr #1, Terrell Hills, TX, 78209 offers a 7.67% rental yield on a $360,000 purchase with $2,302/mo rent. 31% in year one. Equity gained on principal adds $2,323/yr while 5% annual appreciation supports $99,461 over five years. Portfolio math shows five-year ROI at 90.13% and total cumulative return in cash at $107,565. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,302/mo property income against a $1,762/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78209, San Antonio, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,391 (100%) |
| Owner Occupied HU | 10,308 (48.2%) |
| Renter Occupied HU | 8,662 (40.5%) |
| Vacant Housing Units | 2,421 (11.3%) |
| Median Home Value | $525,899 |
| Average Home Value | $664,334 |
Housing Distribution
Address Breakdown
Residential
20,780
Single Family
11,675
Multi-Family
9,105
Businesses
2,454
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Listed by: Michelle Lundquist • Orchard Brokerage
Mls Name: LERA MLS
Mls ID: #1937615