274 Mountain LaurelConcanTX78838
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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 Concan at 274 Mountain Laurel, Concan, TX, 78838 priced at $775,000 converts $6,403/mo rent into $892/mo cash flow after a $3,793/mo obligation. Total monthly income equals $6,403/mo, and annual cash flow totals $10,705/yr on $254,975 invested. Return on cash invested prints 24.26% in year one, and rental yield reads 9.91% against a $775,000 entry. Equity gained on principal adds $5,001/yr, while 5% annual appreciation compiles into $214,118 by year five. Five-year ROI reaches 127.37% and total cumulative return in cash sums $324,751. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,403/mo property income covering a $3,793/mo payment, not borrower’s personal income.
Single Family
Built in 2018
1.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78838, Concan, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 245 (100%) |
| Owner Occupied HU | 111 (45.3%) |
| Renter Occupied HU | 14 ( 5.7%) |
| Vacant Housing Units | 120 (49.0%) |
| Median Home Value | $386,111 |
| Average Home Value | $435,766 |
Housing Distribution
Address Breakdown
Residential
58
Single Family
58
Multi-Family
0
Businesses
63
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