123 Choke Canyon EstsThree RiversTX78071
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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 Three Rivers at 123 Choke Canyon Ests, Three Rivers, TX, 78071 priced at $350,000 converts $900/mo rent into after a $1,713/mo obligation. Total monthly income equals $900/mo. Return on cash invested prints 3.48% in year one, and rental yield reads 3.09% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 15.96% and total cumulative return in cash sums $18,518. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $900/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1994
4.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78071, Three Rivers, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,721 (100%) |
| Owner Occupied HU | 926 (53.8%) |
| Renter Occupied HU | 311 (18.1%) |
| Vacant Housing Units | 484 (28.1%) |
| Median Home Value | $177,174 |
| Average Home Value | $272,341 |
Housing Distribution
Address Breakdown
Residential
599
Single Family
591
Multi-Family
8
Businesses
168
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Listed by: Richard Dockery • Dockery + Associates
Mls Name: South Texas MLS
Mls ID: #468481