2320 Burnside StLaredoTX78040
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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 2320 Burnside St, Laredo, TX, 78040 uses $56,355 cash to close to unlock $5,894/yr annual cash flow and $491/mo monthly cash flow. Total monthly income runs $1,700/mo, and a $832/mo payment keeps the spread at $491/mo. Purchase price stands at $170,000, and rental yield measures 12% with $1,700/mo rent. Return on cash invested shows 30.37% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 160.21% and total cumulative return in cash records $90,285. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,700/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1974
3,861 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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