232 Codrington DrKerrvilleTX78028
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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 Kerrville at 232 Codrington Dr, Kerrville, TX, 78028 priced at $270,000 pairs $1,987/mo rent with $67/mo cash flow after a $1,322/mo payment. Total monthly income equals $1,987/mo, and annual cash flow comes to $798/yr on $89,505 invested. Return on cash invested is 20.8% in year one, and rental yield stands at 8.83% on a $270,000 basis. Equity gained on principal adds $1,742/yr, and 5% annual appreciation accumulates to $74,596 by year five. Five-year ROI measures 108.87% and total cumulative return in cash reaches $97,441. For financing, Ziffy Mortgage’s DSCR program evaluates $1,987/mo property income against a $1,322/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2009
3.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78028, Kerrville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,132 (100%) |
| Owner Occupied HU | 12,783 (63.5%) |
| Renter Occupied HU | 5,524 (27.4%) |
| Vacant Housing Units | 1,825 ( 9.1%) |
| Median Home Value | $318,882 |
| Average Home Value | $407,051 |
Housing Distribution
Address Breakdown
Residential
19,054
Single Family
16,824
Multi-Family
2,230
Businesses
1,726
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