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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 Palacios at 216 E University Ave, Palacios, TX, 77465 priced at $224,900 converts $2,938/mo rent into $1,338/mo cash flow after a $1,101/mo obligation. Total monthly income equals $2,938/mo, and annual cash flow totals $16,062/yr on $74,554 invested. Return on cash invested prints 41.45% in year one, and rental yield reads 15.68% against a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation compiles into $62,136 by year five. Five-year ROI reaches 219.59% and total cumulative return in cash sums $163,717. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,938/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 1976
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 77465, Palacios, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,177 (100%) |
| Owner Occupied HU | 2,318 (55.5%) |
| Renter Occupied HU | 692 (16.6%) |
| Vacant Housing Units | 1,167 (27.9%) |
| Median Home Value | $223,515 |
| Average Home Value | $225,985 |
Residential
3,080
Single Family
3,018
Multi-Family
62
Businesses
254
Date | Event | Price |
|---|---|---|
| 2024-08-14 | Price change | $224,900 |
| 2024-06-05 | Price change | $274,900 |
| 2023-11-14 | Listed for sale | $339,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-22 | $1591.37 | -3.09% | $211,662 | 10.00% |
| 2022-10-22 | $1642.10 | 1.83% | $192,420 | 3.76% |
| 2021-10-22 | $1612.65 | -0.10% | $185,449 | 10.00% |
Listed by: Debbie Tate Welfel • RE/MAX Land & Homes
Mls Name: Central Texas MLS
Mls Provider:
Mls ID: #546544
Disclaimer: Listing and property data is from an Internet Data Exchange (IDX) provided by the Central Texas MLS. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 Central Texas MLS, All Rights Reserved.
