1219 Saint Patrick DrLaredoTX78045
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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 Laredo at 1219 Saint Patrick Dr, Laredo, TX, 78045 offers $3,259/mo rent that, after a $1,708/mo payment, leaves $777/mo cash flow. Total monthly income is $3,259/mo, and annual cash flow is $9,329/yr on $115,694 cash. Return on cash invested measures 27.97% in year one, and rental yield stands at 11.21% at a $349,000 entry. Equity gained on principal adds $2,252/yr while 5% annual appreciation compounds into $96,422 by year five. Five-year ROI records 147.31% and total cumulative return in cash reaches $170,424. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,259/mo property income versus a $1,708/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
8,176 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78045, Laredo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,093 (100%) |
| Owner Occupied HU | 16,632 (75.3%) |
| Renter Occupied HU | 4,594 (20.8%) |
| Vacant Housing Units | 867 ( 3.9%) |
| Median Home Value | $251,630 |
| Average Home Value | $271,402 |
Housing Distribution
Address Breakdown
Residential
21,940
Single Family
17,982
Multi-Family
3,958
Businesses
2,349
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Listed by: Pedro Martinez • Xecutive Realtors
Mls Name: LAR
Mls Provider:
Mls ID: #20243218
Disclaimer: 2024 Laredo Multiple Listing Service. Information is deemed to be reliable but not guaranteed. Information is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.