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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% |
Rental property for sale in Ingleside at 2947 Penoak Ave, Ingleside, TX, 78362 offers $1,440/mo rent that, after a $538/mo payment, leaves $658/mo cash flow. Total monthly income is $1,440/mo, and annual cash flow is $7,898/yr on $36,465 cash. Return on cash invested measures 41.57% in year one, and rental yield stands at 15.71% at a $110,000 entry. Equity gained on principal adds $710/yr while 5% annual appreciation compounds into $30,391 by year five. Five-year ROI records 220.32% and total cumulative return in cash reaches $80,340. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,440/mo property income versus a $538/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78362, Ingleside, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,866 (100%) |
| Owner Occupied HU | 2,688 (55.2%) |
| Renter Occupied HU | 1,371 (28.2%) |
| Vacant Housing Units | 807 (16.6%) |
| Median Home Value | $233,230 |
| Average Home Value | $265,187 |
Residential
4,729
Single Family
3,754
Multi-Family
975
Businesses
239
Date | Event | Price |
|---|---|---|
| 2024-10-08 | Price change | $110,000 |
| 2024-09-09 | Price change | $125,000 |
| 2024-09-02 | Listed for sale | $129,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-23 | $1212.20 | -29.94% | $162,234 | 10.00% |
| 2022-10-23 | $1730.33 | -3.07% | $147,485 | 6.99% |
| 2021-10-23 | $1785.12 | -10.88% | $137,848 | -5.82% |
Listed by: Farrah Gauthreaux • Vaden MacLeod Real Estate
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #443458
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.
