1103 Vela StAliceTX78332
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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 Alice at 1103 Vela St, Alice, TX, 78332 earns $588/mo cash flow from $2,116/mo rent with a $1,052/mo payment. Total monthly income totals $2,116/mo, and annual cash flow totals $7,052/yr on $71,239 capital. ROI tracks 29.81% on current figures, and rental yield reads 11.82% at a $214,900 purchase. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,373 over five years. Five-year ROI reaches 157.15% and total cumulative return in cash sums $111,954. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,116/mo property income instead of your personal income.
Single Family
Built in 2009
7,003 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78332, Alice, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,155 (100%) |
| Owner Occupied HU | 6,621 (59.4%) |
| Renter Occupied HU | 3,056 (27.4%) |
| Vacant Housing Units | 1,478 (13.2%) |
| Median Home Value | $113,817 |
| Average Home Value | $161,012 |
Housing Distribution
Address Breakdown
Residential
10,120
Single Family
9,414
Multi-Family
706
Businesses
901
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