242 San Mateo AveLa JoyaTX78560
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
Rental property for sale in La Joya at 242 San Mateo Ave, La Joya, TX, 78560 offers $1,546/mo rent that, after a $759/mo payment, leaves $443/mo cash flow. Total monthly income is $1,546/mo, and annual cash flow is $5,321/yr on $51,383 cash. Return on cash invested measures 30.26% in year one, and rental yield stands at 11.97% at a $155,000 entry. Equity gained on principal adds $1,000/yr while 5% annual appreciation compounds into $42,824 by year five. Five-year ROI records 159.63% and total cumulative return in cash reaches $82,024. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,546/mo property income versus a $759/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2023
2,888 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78560, La Joya, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,987 (100%) |
| Owner Occupied HU | 1,206 (60.7%) |
| Renter Occupied HU | 554 (27.9%) |
| Vacant Housing Units | 227 (11.4%) |
| Median Home Value | $119,742 |
| Average Home Value | $138,978 |
Housing Distribution
Address Breakdown
Residential
1,558
Single Family
1,558
Multi-Family
0
Businesses
110
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices