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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% |
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 shown for ZIP Code: 78040, Laredo, TX area.
| 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 |
Residential
12,147
Single Family
11,492
Multi-Family
655
Businesses
1,690
Date | Event | Price |
|---|---|---|
| 2025-03-28 | Listed for sale | $224,990 |
| 2024-03-08 | Sold | N/A |
| 2024-02-10 | Pending sale | $79,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-28 | $615.10 | N/A | $98,036 | 18.55% |
| 2023-03-28 | N/A | N/A | $82,693 | 10.17% |
| 2022-03-28 | $508.80 | 12.88% | $75,062 | 21.48% |
No similar price properties found nearby.
What's Special
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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.
