1615 E Fordyce AveKingsvilleTX78363
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
Investment property for sale in Kingsville at 1615 E Fordyce Ave, Kingsville, TX, 78363 at $170,000 posts ROI 44.55% with $1,157/mo cash flow from $2,366/mo rent. Total monthly income equals $2,366/mo, and annual cash flow records $13,886/yr on $56,355 to close. Return on cash invested measures 44.55% and rental yield reads 16.7% at the current $170,000. Equity gained on principal adds $1,097/yr, and 5% annual appreciation supports $46,968 by year five. Five-year ROI prints 236.27% and total cumulative return in cash totals $133,149.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,366/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1964
7,270 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78363, Kingsville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,956 (100%) |
| Owner Occupied HU | 5,594 (43.2%) |
| Renter Occupied HU | 5,255 (40.6%) |
| Vacant Housing Units | 2,107 (16.3%) |
| Median Home Value | $170,335 |
| Average Home Value | $193,185 |
Housing Distribution
Address Breakdown
Residential
12,006
Single Family
9,818
Multi-Family
2,188
Businesses
763
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Listed by: Mari Russell • eXp Realty LLC
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #445209
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.