121 Morelos StRancho ViejoTX78575
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
Rental property for sale in Rancho Viejo at 121 Morelos St, Rancho Viejo, TX, 78575 priced at $203,000 converts $1,646/mo rent into $202/mo cash flow after a $994/mo obligation. Total monthly income equals $1,646/mo, and annual cash flow totals $2,424/yr on $67,295 invested. Return on cash invested prints 23.51% in year one, and rental yield reads 9.73% against a $203,000 entry. Equity gained on principal adds $1,310/yr, while 5% annual appreciation compiles into $56,085 by year five. Five-year ROI reaches 123.45% and total cumulative return in cash sums $83,078. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,646/mo property income covering a $994/mo payment, not borrower’s personal income.
Townhouse
Built in 1970
3,060 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78575, Olmito, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,963 (100%) |
| Owner Occupied HU | 1,766 (59.6%) |
| Renter Occupied HU | 695 (23.5%) |
| Vacant Housing Units | 502 (16.9%) |
| Median Home Value | $265,753 |
| Average Home Value | $304,388 |
Housing Distribution
Address Breakdown
Residential
2,621
Single Family
2,256
Multi-Family
365
Businesses
208
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Francisca Garza De La Lama • Excel Realty
Mls Name: RGVMLS
Mls Provider:
Mls ID: #29756124
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.