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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Alvarado at 2401 Gills Crossing Ct, Alvarado, TX, 76009 offers $1,756/mo rent that, after a $1,126/mo payment, leaves $120/mo cash flow. Total monthly income is $1,756/mo, and annual cash flow is $1,442/yr on $76,245 cash. Return on cash invested measures 21.8% in year one, and rental yield stands at 9.16% at a $230,000 entry. Equity gained on principal adds $1,484/yr while 5% annual appreciation compounds into $63,545 by year five. Five-year ROI records 114.24% and total cumulative return in cash reaches $87,103. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,756/mo property income versus a $1,126/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1998
1.09 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76009, Alvarado, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,885 (100%) |
| Owner Occupied HU | 6,636 (74.7%) |
| Renter Occupied HU | 1,757 (19.8%) |
| Vacant Housing Units | 492 ( 5.5%) |
| Median Home Value | $258,762 |
| Average Home Value | $301,630 |
Residential
8,499
Single Family
8,345
Multi-Family
154
Businesses
651
Date | Event | Price |
|---|---|---|
| 2025-02-10 | Price change | $230,000 |
| 2024-12-18 | Price change | $249,999 |
| 2024-11-05 | Price change | $256,750 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-12 | N/A | N/A | $185,396 | 10.00% |
| 2023-02-12 | $1037.67 | -48.82% | $168,542 | 10.00% |
| 2022-02-12 | $2027.59 | -5.87% | $153,220 | N/A |
Listed by: Theresa Marks • Rendon Realty, LLC
Mls Name: NTREIS
Mls ID: #20730845
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
