118 Skipping Stone LnConcanTX78838
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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 Concan at 118 Skipping Stone Ln, Concan, TX, 78838 uses $646,380 cash to close to unlock $86,355/yr annual cash flow and $7,196/mo monthly cash flow. Total monthly income runs $21,420/mo, and a $9,765/mo payment keeps the spread at $7,196/mo. Purchase price stands at $1,995,000, and rental yield measures 12.88% with $21,420/mo rent. Return on cash invested shows 33.73% in year one, and 5% annual appreciation builds toward $551,182 over five years. Five-year ROI reaches 178.12% and total cumulative return in cash records $1,151,349. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $21,420/mo property income covering a $9,765/mo payment rather than investor’s personal income.
Single Family
Built in 2012
2.01 Acres lot
$N/A/sqft
$438 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78838, Concan, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 245 (100%) |
| Owner Occupied HU | 111 (45.3%) |
| Renter Occupied HU | 14 ( 5.7%) |
| Vacant Housing Units | 120 (49.0%) |
| Median Home Value | $386,111 |
| Average Home Value | $435,766 |
Housing Distribution
Address Breakdown
Residential
58
Single Family
58
Multi-Family
0
Businesses
63
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Listed by: Shelia Melchor • United Country RE-Bluntzer RE
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #416900
Disclaimer: Based on information from South Texas MLS, LLC as of 2024-02-06 10:12:13 PST. All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein AS IS and without any warranty, express or implied. MLS aggregate data is a copyright of Texas Association of REALTORS (TAR) and that the reader may not reproduce or distribute the MLS aggregate data.