212 Morelos AveRancho ViejoTX78575
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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 Rancho Viejo at 212 Morelos Ave, Rancho Viejo, TX, 78575 priced at $314,000 converts $2,940/mo rent into $707/mo cash flow after a $1,537/mo obligation. Total monthly income equals $2,940/mo, and annual cash flow totals $8,484/yr on $104,091 invested. Return on cash invested prints 28.06% in year one, and rental yield reads 11.24% against a $314,000 entry. Equity gained on principal adds $2,026/yr, while 5% annual appreciation compiles into $86,752 by year five. Five-year ROI reaches 147.75% and total cumulative return in cash sums $153,795. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,940/mo property income covering a $1,537/mo payment, not borrower’s personal income.
Single Family
Built in 1975
10,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78575, Olmito, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,963 (100%) |
| Owner Occupied HU | 1,766 (59.6%) |
| Renter Occupied HU | 695 (23.5%) |
| Vacant Housing Units | 502 (16.9%) |
| Median Home Value | $265,753 |
| Average Home Value | $304,388 |
Housing Distribution
Address Breakdown
Residential
2,621
Single Family
2,256
Multi-Family
365
Businesses
208
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Listed by: Myrna Castella • GRT Realty
Mls Name: RGVMLS
Mls ID: #29769048