10240 State Hwy 173CharlotteTX78011
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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 Charlotte at 10240 State Hwy 173, Charlotte, TX, 78011 uses $62,654 cash to close to unlock $1,201/yr annual cash flow and $100/mo monthly cash flow. Total monthly income runs $1,444/mo, and a $925/mo payment keeps the spread at $100/mo. Purchase price stands at $189,000, and rental yield measures 9.17% with $1,444/mo rent. Return on cash invested shows 21.83% in year one, and 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 114.42% and total cumulative return in cash records $71,686. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,444/mo property income covering a $925/mo payment rather than investor’s personal income.
Single Family
Built in N/A
14.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78011, Charlotte, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 796 (100%) |
| Owner Occupied HU | 586 (73.6%) |
| Renter Occupied HU | 112 (14.1%) |
| Vacant Housing Units | 98 (12.3%) |
| Median Home Value | $139,286 |
| Average Home Value | $257,048 |
Housing Distribution
Address Breakdown
Residential
227
Single Family
227
Multi-Family
0
Businesses
58
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Listed by: Lydia Rivas • La Paloma Realty
Mls Name: SABOR
Mls Provider:
Mls ID: #1849442
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.