233 W Watts StProgresoTX78579
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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 Progreso at 233 W Watts St, Progreso, TX, 78579 offers $1,272/mo rent that, after a $2,423/mo payment. Total monthly income is $1,272/mo. Return on cash invested measures 3.47% in year one, and rental yield stands at 3.08% at a $495,000 entry. Equity gained on principal adds $3,194/yr while 5% annual appreciation compounds into $136,759 by year five. Five-year ROI records 15.89% and total cumulative return in cash reaches $26,074. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,272/mo property income versus a $2,423/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 2000
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78579, Progreso, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 427 (100%) |
| Owner Occupied HU | 275 (64.4%) |
| Renter Occupied HU | 82 (19.2%) |
| Vacant Housing Units | 70 (16.4%) |
| Median Home Value | $77,000 |
| Average Home Value | $124,518 |
Housing Distribution
Address Breakdown
Residential
9
Single Family
9
Multi-Family
0
Businesses
47
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