1202 Thorpe Ln APT 407San MarcosTX78666
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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 San Marcos at 1202 Thorpe Ln APT 407, San Marcos, TX, 78666 offers a 10.86% rental yield on a $145,000 purchase with $1,312/mo rent. Total monthly income registers $1,312/mo, and a $710/mo payment leaves $281/mo available for distribution. Annual cash flow reaches $3,367/yr on $48,068 to close, and return on cash invested stands at 26.91% in year one. Equity gained on principal adds $936/yr while 5% annual appreciation supports $40,061 over five years. Portfolio math shows five-year ROI at 141.67% and total cumulative return in cash at $68,096. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,312/mo property income against a $710/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1984
3.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78666, San Marcos, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 43,075 (100%) |
| Owner Occupied HU | 15,586 (36.2%) |
| Renter Occupied HU | 23,173 (53.8%) |
| Vacant Housing Units | 4,316 (10.0%) |
| Median Home Value | $338,265 |
| Average Home Value | $387,771 |
Housing Distribution
Address Breakdown
Residential
35,098
Single Family
22,235
Multi-Family
12,863
Businesses
2,306
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Listed by: Rianna Alberty • eXp Realty, LLC
Mls Name: Unlock MLS
Mls ID: #1339856