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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 Three Rivers at 1602 Mesquite Ave, Three Rivers, TX, 78071 generates $900/mo in rent, after a $1,109/mo payment. Total monthly income is $900/mo. Return on cash invested sits at 8.54% in year one, and rental yield is 4.77% on a $226,500 entry. Equity gained on principal adds $1,462/yr, while 5% annual appreciation builds toward $62,578 over five years. Five-year ROI reaches 43.1% and total cumulative return in cash sums $32,364. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $900/mo property income rather than buyer’s personal income.
Single Family
Built in 1967
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78071, Three Rivers, TX area.
| 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 |
Residential
599
Single Family
591
Multi-Family
8
Businesses
168
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Paula Braune • Keller Williams Coastal Bend
Mls Name: South Texas MLS
Mls ID: #467258
