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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 Alice at 1720 Gunn St, Alice, TX, 78332 generates $2,196/mo in rent and, after a $928/mo payment, leaves $848/mo in cash flow. Total monthly income is $2,196/mo, and annual cash flow is $10,175/yr on $62,819 invested. Return on cash invested sits at 36.11% in year one, and rental yield is 13.91% on a $189,500 entry. Equity gained on principal adds $1,223/yr, while 5% annual appreciation builds toward $52,355 over five years. Five-year ROI reaches 190.91% and total cumulative return in cash sums $119,927. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,196/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
2 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78332, Alice, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,155 (100%) |
| Owner Occupied HU | 6,621 (59.4%) |
| Renter Occupied HU | 3,056 (27.4%) |
| Vacant Housing Units | 1,478 (13.2%) |
| Median Home Value | $113,817 |
| Average Home Value | $161,012 |
Residential
10,120
Single Family
9,414
Multi-Family
706
Businesses
901
Date | Event | Price |
|---|---|---|
| 2024-08-12 | Price change | $189,500 |
| 2024-06-10 | Price change | $198,500 |
| 2023-12-14 | Listed for sale | $215,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-16 | $1808.25 | 334.33% | $91,120 | 12.10% |
| 2022-08-16 | $416.33 | 16.44% | $81,287 | 10.00% |
| 2021-08-16 | $357.54 | 17.13% | $73,897 | 10.00% |
Listed by: Stephanie Benavides • Jan Erwin Real Estate LLC
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #431561
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.
