2839 Schoenst RdCarmineTX78932
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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 Carmine at 2839 Schoenst Rd, Carmine, TX, 78932 priced at $1,170,000 converts $2,765/mo rent into after a $5,727/mo obligation. Total monthly income equals $2,765/mo. Return on cash invested prints 2.78% in year one, and rental yield reads 2.84% against a $1,170,000 entry. Equity gained on principal adds $7,550/yr, while 5% annual appreciation compiles into $323,249 by year five. Five-year ROI reaches 12.15% and total cumulative return in cash sums $46,069. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,765/mo property income covering a $5,727/mo payment, not borrower’s personal income.
Single Family
Built in N/A
30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78932, Carmine, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 596 (100%) |
| Owner Occupied HU | 331 (55.5%) |
| Renter Occupied HU | 63 (10.6%) |
| Vacant Housing Units | 202 (33.9%) |
| Median Home Value | $343,182 |
| Average Home Value | $506,352 |
Housing Distribution
Address Breakdown
Residential
380
Single Family
380
Multi-Family
0
Businesses
42
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Listed by: Lisa Mayer • Round Top Real Estate
Mls Name: HAR
Mls Provider:
Mls ID: #26099111
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