1500 Morningside DrAliceTX78332
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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 Alice at 1500 Morningside Dr, Alice, TX, 78332 offers $2,977/mo rent that, after a $1,610/mo payment, leaves $638/mo cash flow. Total monthly income is $2,977/mo, and annual cash flow is $7,653/yr on $109,064 cash. Return on cash invested measures 26.93% in year one, and rental yield stands at 10.86% at a $329,000 entry. Equity gained on principal adds $2,123/yr while 5% annual appreciation compounds into $90,897 by year five. Five-year ROI records 141.68% and total cumulative return in cash reaches $154,521. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,977/mo property income versus a $1,610/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
8,360 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
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