1610 Mesquite AveThree RiversTX78071
Nearby investment properties with comparable rents
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 Three Rivers at 1610 Mesquite Ave, Three Rivers, TX, 78071 priced at $239,500 converts $2,326/mo rent into $623/mo cash flow after a $1,172/mo obligation. Total monthly income equals $2,326/mo, and annual cash flow totals $7,477/yr on $79,394 invested. Return on cash invested prints 29.33% in year one, and rental yield reads 11.65% against a $239,500 entry. Equity gained on principal adds $1,545/yr, while 5% annual appreciation compiles into $66,169 by year five. Five-year ROI reaches 154.61% and total cumulative return in cash sums $122,749. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,326/mo property income covering a $1,172/mo payment, not borrower’s personal income.
Single Family
Built in 1985
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78071, Three Rivers, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
599
Single Family
591
Multi-Family
8
Businesses
168
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Nearby investment properties with comparable prices
Listed by: Cindi DuBois • United Country RE-Bluntzer RE
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #448444
Disclaimer: Based on information from South Texas MLS, LLC as of 2024-02-06 10:12:13 PST. All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein AS IS and without any warranty, express or implied. MLS aggregate data is a copyright of Texas Association of REALTORS (TAR) and that the reader may not reproduce or distribute the MLS aggregate data.