1206 Bruce StAliceTX78332
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1206 Bruce St, Alice, TX, 78332 uses $61,328 cash to close to unlock $779/yr annual cash flow and $65/mo monthly cash flow. Total monthly income runs $1,380/mo, and a $905/mo payment keeps the spread at $65/mo. Purchase price stands at $185,000, and rental yield measures 8.95% with $1,380/mo rent. Return on cash invested shows 21.18% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 110.85% and total cumulative return in cash records $67,983. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,380/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1982
7,705 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices