2305 E Locust StLaredoTX78043
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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
Investment property for sale in Laredo at 2305 E Locust St, Laredo, TX, 78043 uses $71,273 cash to close to unlock $18,185/yr annual cash flow and $1,515/mo monthly cash flow. Total monthly income runs $3,044/mo, and a $1,052/mo payment keeps the spread at $1,515/mo. Purchase price stands at $215,000, and rental yield measures 16.99% with $3,044/mo rent. Return on cash invested shows 45.42% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 240.92% and total cumulative return in cash records $171,709. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,044/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 1953
7,721 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78043, Laredo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,662 (100%) |
| Owner Occupied HU | 7,965 (54.3%) |
| Renter Occupied HU | 5,624 (38.4%) |
| Vacant Housing Units | 1,073 ( 7.3%) |
| Median Home Value | $181,449 |
| Average Home Value | $227,965 |
Housing Distribution
Address Breakdown
Residential
13,709
Single Family
12,545
Multi-Family
1,164
Businesses
920
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Listed by: D. Michelle Guerra • MG Texas Real Estate
Mls Name: LAR
Mls Provider:
Mls ID: #20243244
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.