2602 Monterrey StLaredoTX78046
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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 Laredo at 2602 Monterrey St, Laredo, TX, 78046 priced at $795,000 converts $1,560/mo rent into after a $3,891/mo obligation. Total monthly income equals $1,560/mo. Return on cash invested prints 1.28% in year one, and rental yield reads 2.35% against a $795,000 entry. Equity gained on principal adds $5,130/yr, while 5% annual appreciation compiles into $219,644 by year five. Five-year ROI reaches 4.13% and total cumulative return in cash sums $10,810. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,560/mo property income covering a $3,891/mo payment, not borrower’s personal income.
Multi Family
Built in N/A
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78046, Laredo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,355 (100%) |
| Owner Occupied HU | 15,390 (72.1%) |
| Renter Occupied HU | 4,715 (22.1%) |
| Vacant Housing Units | 1,250 ( 5.9%) |
| Median Home Value | $167,576 |
| Average Home Value | $197,620 |
Housing Distribution
Address Breakdown
Residential
21,533
Single Family
20,950
Multi-Family
583
Businesses
426
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Listed by: Cindy Cantu • Coldwell Banker Ana Ochoa & Co
Mls Name: LAR
Mls Provider:
Mls ID: #20251816
Disclaimer: 2025 Laredo Multiple Listing Service. Information is deemed to be reliable but not guaranteed. Information is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.