1604 Hope DrMercedesTX78570
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Nearby investment properties with comparable prices
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 Mercedes at 1604 Hope Dr, Mercedes, TX, 78570 priced at $194,900 pairs $1,510/mo rent with $124/mo cash flow after a $954/mo payment. Total monthly income equals $1,510/mo, and annual cash flow comes to $1,488/yr on $64,609 invested. Return on cash invested is 22.21% in year one, and rental yield stands at 9.3% on a $194,900 basis. Equity gained on principal adds $1,258/yr, and 5% annual appreciation accumulates to $53,847 by year five. Five-year ROI measures 116.4% and total cumulative return in cash reaches $75,207. For financing, Ziffy Mortgage’s DSCR program evaluates $1,510/mo property income against a $954/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78570, Mercedes, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,532 (100%) |
| Owner Occupied HU | 7,290 (63.2%) |
| Renter Occupied HU | 2,762 (24.0%) |
| Vacant Housing Units | 1,480 (12.8%) |
| Median Home Value | $105,549 |
| Average Home Value | $140,885 |
Housing Distribution
Address Breakdown
Residential
10,075
Single Family
9,093
Multi-Family
982
Businesses
683
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