1604 Tutor DrLaredoTX78046
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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 Laredo at 1604 Tutor Dr, Laredo, TX, 78046 offers $1,777/mo rent that, after a $942/mo payment, leaves $398/mo cash flow. Total monthly income is $1,777/mo, and annual cash flow is $4,779/yr on $63,814 cash. Return on cash invested measures 27.4% in year one, and rental yield stands at 11.08% at a $192,500 entry. Equity gained on principal adds $1,242/yr while 5% annual appreciation compounds into $53,184 by year five. Five-year ROI records 144.33% and total cumulative return in cash reaches $92,105. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,777/mo property income versus a $942/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
4,800 sqft lot
$N/A/sqft
$120 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78046, Laredo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,355 (100%) |
| Owner Occupied HU | 15,390 (72.1%) |
| Renter Occupied HU | 4,715 (22.1%) |
| Vacant Housing Units | 1,250 ( 5.9%) |
| Median Home Value | $167,576 |
| Average Home Value | $197,620 |
Housing Distribution
Address Breakdown
Residential
21,533
Single Family
20,950
Multi-Family
583
Businesses
426
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Listed by: Elena Gonzalez • Keller Williams Laredo
Mls Name: LAR
Mls Provider:
Mls ID: #20243184
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.