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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% |
Investment property for sale in Alice at 2788 N Us Highway 281, Alice, TX, 78332 listed at $573,900 pairs $7,289/mo rent with a $2,809/mo payment to leave $3,208/mo cash flow. Total monthly income runs $7,289/mo, and annual cash flow reaches $38,494/yr on $188,813 cash to close. Return on cash invested measures 40.45% in year one, and rental yield registers 15.24% at a $573,900 basis. Equity gained on principal adds $3,703/yr, and annual property appreciation at 5% supports $158,558 by year five. Five-year ROI tracks 214.16% and total cumulative return in cash totals $404,353. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,289/mo property income relative to a $2,809/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1980
17 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78332, Alice, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,155 (100%) |
| Owner Occupied HU | 6,621 (59.4%) |
| Renter Occupied HU | 3,056 (27.4%) |
| Vacant Housing Units | 1,478 (13.2%) |
| Median Home Value | $113,817 |
| Average Home Value | $161,012 |
Residential
10,120
Single Family
9,414
Multi-Family
706
Businesses
901
Date | Event | Price |
|---|---|---|
| 2024-06-04 | Listed for sale | $573,900 |
| 2024-05-19 | Listing removed | N/A |
| 2024-05-09 | Price change | $573,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-16 | $6216.22 | -20.55% | $424,437 | N/A |
| 2022-08-16 | $7824.04 | -2.44% | $424,437 | N/A |
| 2021-08-16 | $8019.41 | -4.56% | $424,437 | 0.42% |
No similar rental properties found nearby.
Listed by: Lisa Bowlin • Berkshire Hathaway HomeService
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #414653
Disclaimer: Based on information from South Texas MLS, LLC as of 2024-02-06 10:12:13 PST. All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein AS IS and without any warranty, express or implied. MLS aggregate data is a copyright of Texas Association of REALTORS (TAR) and that the reader may not reproduce or distribute the MLS aggregate data.
