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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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Listed by: Jason Cox • Ekklesia Real Estate
Mls Name: NTREIS
Mls ID: #20737995
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.
Rental property for sale in Alvarado at 1003 S Sparks St, Alvarado, TX, 76009 offers $1,951/mo rent that, after a $1,028/mo payment, leaves $185/mo cash flow. Total monthly income is $1,951/mo, and annual cash flow is $2,224/yr on $69,615 cash. Return on cash invested measures 23.1% in year one, and rental yield stands at 11.15% at a $210,000 entry. Equity gained on principal adds $1,355/yr while 5% annual appreciation compounds into $58,019 by year five. Five-year ROI records 122.93% and total cumulative return in cash reaches $85,576. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,951/mo property income versus a $1,028/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
8,973 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76009, Alvarado, TX area.
| 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 |
Residential
8,499
Single Family
8,345
Multi-Family
154
Businesses
651
Date | Event | Price |
|---|---|---|
| 2024-09-30 | Listed for sale | $210,000 |
| 2019-01-18 | Listing removed | $145,000 |
| 2018-12-26 | Pending sale | $145,000 |
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-15 | N/A | N/A | $255,127 | -6.85% |
| 2023-10-15 | $6751.47 | 79.14% | $273,885 | 95.60% |
| 2022-10-15 | $3768.72 | -0.85% | $140,022 | N/A |
