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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 Devine at 167 Forest Creek, Devine, TX, 78016 generates $2,279/mo in rent and, after a $1,224/mo payment, leaves $501/mo in cash flow. Total monthly income is $2,279/mo, and annual cash flow is $6,010/yr on $82,875 invested. Return on cash invested sits at 27.16% in year one, and rental yield is 10.94% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 142.94% and total cumulative return in cash sums $118,462. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,279/mo property income rather than buyer’s personal income.
Manufactured
Built in 2021
2.02 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78016, Devine, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,139 (100%) |
| Owner Occupied HU | 2,895 (69.9%) |
| Renter Occupied HU | 836 (20.2%) |
| Vacant Housing Units | 408 ( 9.9%) |
| Median Home Value | $234,520 |
| Average Home Value | $289,339 |
Residential
3,988
Single Family
3,988
Multi-Family
0
Businesses
332
Date | Event | Price |
|---|---|---|
| 2024-12-31 | Price change | $250,000 |
| 2024-10-10 | Listed for sale | $260,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-11 | $2486.44 | N/A | $134,330 | 2.37% |
| 2023-02-11 | N/A | N/A | $131,220 | 107.53% |
| 2022-02-11 | $1257.21 | N/A | $63,230 | N/A |
Listed by: Natalie Land • BRAVA Realty
Mls Name: SABOR
Mls Provider:
Mls ID: #1815263
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.
