115 Codrington Dr SKerrvilleTX78028
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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
Rental property for sale in Kerrville at 115 Codrington Dr S, Kerrville, TX, 78028 priced at $369,900 converts $2,692/mo rent into $62/mo cash flow after a $1,810/mo obligation. Total monthly income equals $2,692/mo, and annual cash flow totals $745/yr on $122,622 invested. Return on cash invested prints 20.52% in year one, and rental yield reads 8.73% against a $369,900 entry. Equity gained on principal adds $2,387/yr, while 5% annual appreciation compiles into $102,197 by year five. Five-year ROI reaches 107.34% and total cumulative return in cash sums $131,626. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,692/mo property income covering a $1,810/mo payment, not borrower’s personal income.
Single Family
Built in N/A
5.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78028, Kerrville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,132 (100%) |
| Owner Occupied HU | 12,783 (63.5%) |
| Renter Occupied HU | 5,524 (27.4%) |
| Vacant Housing Units | 1,825 ( 9.1%) |
| Median Home Value | $318,882 |
| Average Home Value | $407,051 |
Housing Distribution
Address Breakdown
Residential
19,054
Single Family
16,824
Multi-Family
2,230
Businesses
1,726
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