2308 Springfield AveLaredoTX78040
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2308 Springfield Ave, Laredo, TX, 78040 at $159,000 posts ROI 22.7% with $123/mo cash flow from $1,253/mo rent. Total monthly income equals $1,253/mo, and annual cash flow records $1,471/yr on $52,709 to close. Return on cash invested measures 22.7% and rental yield reads 9.46% at the current $159,000. Equity gained on principal adds $1,026/yr, and 5% annual appreciation supports $43,929 by year five. Five-year ROI prints 119.05% and total cumulative return in cash totals $62,748.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,253/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1962
6,385 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78040, Laredo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,711 (100%) |
| Owner Occupied HU | 5,276 (38.5%) |
| Renter Occupied HU | 6,733 (49.1%) |
| Vacant Housing Units | 1,702 (12.4%) |
| Median Home Value | $142,151 |
| Average Home Value | $183,159 |
Housing Distribution
Address Breakdown
Residential
12,147
Single Family
11,492
Multi-Family
655
Businesses
1,690
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Listed by: Rodolfo Lozano • Premier Realty Group
Mls Name: LAR
Mls Provider:
Mls ID: #20250132
Disclaimer: 2025 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.