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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% |
Rental property for sale in Laredo at 1602 Flores Ave, Laredo, TX, 78040 priced at $189,000 pairs $3,048/mo rent with $1,704/mo cash flow after a $925/mo payment. Total monthly income equals $3,048/mo, and annual cash flow comes to $20,449/yr on $62,654 invested. Return on cash invested is 52.55% in year one, and rental yield stands at 19.35% on a $189,000 basis. Equity gained on principal adds $1,220/yr, and 5% annual appreciation accumulates to $52,217 by year five. Five-year ROI measures 279.15% and total cumulative return in cash reaches $174,898. For financing, Ziffy Mortgage’s DSCR program evaluates $3,048/mo property income against a $925/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1963
6,945 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78040, Laredo, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,711 (100%) |
| Owner Occupied HU | 5,276 (38.5%) |
| Renter Occupied HU | 6,733 (49.1%) |
| Vacant Housing Units | 1,702 (12.4%) |
| Median Home Value | $142,151 |
| Average Home Value | $183,159 |
Residential
12,147
Single Family
11,492
Multi-Family
655
Businesses
1,690
Date | Event | Price |
|---|---|---|
| 2024-05-29 | Price change | $189,000 |
| 2024-03-25 | Price change | $165,000 |
| 2024-03-11 | Listed for sale | $199,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-13 | $834.70 | 14.58% | $127,889 | 19.00% |
| 2022-08-13 | $728.47 | 0.30% | $107,470 | 7.94% |
| 2021-08-13 | $726.26 | N/A | $99,564 | 2.35% |
What's Special
None
Listed by: Patricia Pequeno • PATTY PEQUENO REAL ESTATE, LLC
Mls Name: LAR
Mls Provider:
Mls ID: #20234405
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.
