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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Alvarado at 1616 Forest Park Dr, Alvarado, TX, 76009 with 5% annual appreciation on a $344,990 basis while $4,573/mo rent supports operations. Total monthly income totals $4,573/mo and a $1,689/mo payment preserves $2,078/mo for cash returns. Annual cash flow comes to $24,931/yr on $114,364 deployed, and return on cash invested reaches 41.71% in year one. Equity gained on principal adds $2,226/yr, and five-year appreciation sums $95,314 alongside rental yield of 15.91%. Five-year ROI measures 221.13% and total cumulative return in cash totals $252,889.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,573/mo property income versus a $1,689/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2023
7,200 sqft lot
$N/A/sqft
$500 annually HOA
Neighborhood data shown for ZIP Code: 76009, Alvarado, TX area.
| 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 |
Residential
8,499
Single Family
8,345
Multi-Family
154
Businesses
651
Date | Event | Price |
|---|---|---|
| 2024-06-21 | Price change | $344,990 |
| 2024-05-25 | Price change | $346,990 |
| 2024-05-10 | Price change | $354,990 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Stephen Kahn • Century 21 Mike Bowman, Inc.
Mls Name: NTREIS
Mls ID: #20516433
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.
