200 IroquoisBanderaTX78003
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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 Bandera at 200 Iroquois, Bandera, TX, 78003 priced at $179,900 converts $1,475/mo rent into $195/mo cash flow after a $881/mo obligation. Total monthly income equals $1,475/mo, and annual cash flow totals $2,343/yr on $59,637 invested. Return on cash invested prints 23.84% in year one, and rental yield reads 9.84% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 125.19% and total cumulative return in cash sums $74,661. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,475/mo property income covering a $881/mo payment, not borrower’s personal income.
Manufactured
Built in 2001
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78003, Bandera, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,611 (100%) |
| Owner Occupied HU | 3,748 (66.8%) |
| Renter Occupied HU | 736 (13.1%) |
| Vacant Housing Units | 1,127 (20.1%) |
| Median Home Value | $274,510 |
| Average Home Value | $383,783 |
Housing Distribution
Address Breakdown
Residential
3,940
Single Family
3,864
Multi-Family
76
Businesses
460
Nearby investment properties with comparable rents
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No similar price properties found nearby.