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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Alvarado at 1508 Forest Park Dr, Alvarado, TX, 76009 offers a 10.63% rental yield on a $314,400 purchase with $2,786/mo rent. Total monthly income registers $2,786/mo, and a $1,539/mo payment leaves $310/mo available for distribution. Annual cash flow reaches $3,718/yr on $104,224 to close, and return on cash invested stands at 23.48% in year one. Equity gained on principal adds $2,029/yr while 5% annual appreciation supports $86,863 over five years. Portfolio math shows five-year ROI at 124.18% and total cumulative return in cash at $129,429. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,786/mo property income against a $1,539/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76009, Alvarado, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,885 (100%) |
| Owner Occupied HU | 6,636 (74.7%) |
| Renter Occupied HU | 1,757 (19.8%) |
| Vacant Housing Units | 492 ( 5.5%) |
| Median Home Value | $258,762 |
| Average Home Value | $301,630 |
Residential
8,499
Single Family
8,345
Multi-Family
154
Businesses
651
Date | Event | Price |
|---|---|---|
| 2025-10-13 | Listing removed | $319,900 |
| 2025-09-27 | Price change | $319,900 |
| 2025-09-08 | Price change | $324,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-23 | $8103.22 | 3.63% | $317,213 | N/A |
| 2023-10-23 | $7819.54 | 103.66% | $317,213 | 122.37% |
| 2022-10-23 | $3839.57 | N/A | $142,654 | N/A |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
