1617 Grant StLaredoTX78040
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 Laredo at 1617 Grant St, Laredo, TX, 78040 priced at $224,990 converts $1,301/mo rent into after a $1,101/mo obligation. Total monthly income equals $1,301/mo. Return on cash invested prints 15.1% in year one, and rental yield reads 6.94% against a $224,990 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation compiles into $62,161 by year five. Five-year ROI reaches 78.33% and total cumulative return in cash sums $58,422. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,301/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 2024
7,112 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78040, Laredo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,711 (100%) |
| Owner Occupied HU | 5,276 (38.5%) |
| Renter Occupied HU | 6,733 (49.1%) |
| Vacant Housing Units | 1,702 (12.4%) |
| Median Home Value | $142,151 |
| Average Home Value | $183,159 |
Housing Distribution
Address Breakdown
Residential
12,147
Single Family
11,492
Multi-Family
655
Businesses
1,690
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alan Villarreal • Prodigy Realty Group
Mls Name: LAR
Mls Provider:
Mls ID: #20251337
Disclaimer: 2025 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.