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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 Alice at 1916 Encino Ave, Alice, TX, 78332 with 5% annual appreciation on a $315,000 basis while $3,655/mo rent supports operations. Total monthly income totals $3,655/mo and a $1,542/mo payment preserves $1,382/mo for cash returns. Annual cash flow comes to $16,583/yr on $104,423 deployed, and return on cash invested reaches 35.79% in year one. Equity gained on principal adds $2,033/yr, and five-year appreciation sums $87,029 alongside rental yield of 13.92%. Five-year ROI measures 189.33% and total cumulative return in cash totals $197,705.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,655/mo property income versus a $1,542/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
0.46 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 |
|---|---|---|
| 2024-06-13 | Listed for sale | $315,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-16 | $5623.81 | 89.10% | $216,522 | 69.47% |
| 2022-08-16 | $2973.97 | -4.78% | $127,761 | N/A |
| 2021-08-16 | $3123.31 | -1.31% | $127,761 | N/A |
Listed by: Marla Castillo • RE/MAX ELITE
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #443079
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.
