1009 N Esplanade StKarnes CityTX78118
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Karnes City at 1009 N Esplanade St, Karnes City, TX, 78118 offers $983/mo rent that, after a $636/mo payment, leaves $59/mo cash flow. Total monthly income is $983/mo, and annual cash flow is $706/yr on $43,095 cash. Return on cash invested measures 21.55% in year one, and rental yield stands at 9.07% at a $130,000 entry. Equity gained on principal adds $839/yr while 5% annual appreciation compounds into $35,917 by year five. Five-year ROI records 112.84% and total cumulative return in cash reaches $48,627. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $983/mo property income versus a $636/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
6,359 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78118, Karnes City, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,996 (100%) |
| Owner Occupied HU | 1,087 (54.5%) |
| Renter Occupied HU | 519 (26.0%) |
| Vacant Housing Units | 390 (19.5%) |
| Median Home Value | $156,676 |
| Average Home Value | $259,027 |
Housing Distribution
Address Breakdown
Residential
1,706
Single Family
1,602
Multi-Family
104
Businesses
240
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Homer Rios • Broll & Associates, REALTORS
Mls Name: LERA MLS
Mls ID: #1737595