211 Canaria DrLaredoTX78045
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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 Laredo at 211 Canaria Dr, Laredo, TX, 78045 generates $3,379/mo in rent, after a $3,380/mo payment. Total monthly income is $3,379/mo. Return on cash invested sits at 11.71% in year one, and rental yield is 5.87% on a $690,500 entry. Equity gained on principal adds $4,456/yr, while 5% annual appreciation builds toward $190,772 over five years. Five-year ROI reaches 60.14% and total cumulative return in cash sums $136,617. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,379/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
10,288 sqft lot
$N/A/sqft
$150 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78045, Laredo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,093 (100%) |
| Owner Occupied HU | 16,632 (75.3%) |
| Renter Occupied HU | 4,594 (20.8%) |
| Vacant Housing Units | 867 ( 3.9%) |
| Median Home Value | $251,630 |
| Average Home Value | $271,402 |
Housing Distribution
Address Breakdown
Residential
21,940
Single Family
17,982
Multi-Family
3,958
Businesses
2,349
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Listed by: Juan Gonzalez • Weichert Realtors-Nash & Associates
Mls Name: LAR
Mls Provider:
Mls ID: #20242593
Disclaimer: 2024 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.