1605 Forest Park DrAlvaradoTX76009
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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
Investment property for sale in Alvarado at 1605 Forest Park Dr, Alvarado, TX, 76009 at $379,330 posts ROI 18.58% with from $2,596/mo rent. Total monthly income equals $2,596/mo. Return on cash invested measures 18.58% and rental yield reads 8.21% at the current $379,330. Equity gained on principal adds $2,448/yr, and 5% annual appreciation supports $104,802 by year five. Five-year ROI prints 97.06% and total cumulative return in cash totals $122,046. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,596/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2023
7,200 sqft lot
$N/A/sqft
$450 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76009, Alvarado, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
8,499
Single Family
8,345
Multi-Family
154
Businesses
651
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Listed by: Stephen Kahn • Century 21 Mike Bowman, Inc.
Mls Name: NTREIS
Mls ID: #20707061
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.