3005 Old Alice Rd APT 1400BBrownsvilleTX78521
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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
Investment property for sale in Brownsville at 3005 Old Alice Rd APT 1400B, Brownsville, TX, 78521 uses $36,299 cash to close to unlock $687/yr annual cash flow and $57/mo monthly cash flow. Total monthly income runs $836/mo, and a $536/mo payment keeps the spread at $57/mo. Purchase price stands at $109,500, and rental yield measures 9.16% with $836/mo rent. Return on cash invested shows 21.8% in year one, and 5% annual appreciation builds toward $30,253 over five years. Five-year ROI reaches 114.31% and total cumulative return in cash records $41,495. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $836/mo property income covering a $536/mo payment rather than investor’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78521, Brownsville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,648 (100%) |
| Owner Occupied HU | 16,501 (52.1%) |
| Renter Occupied HU | 12,640 (39.9%) |
| Vacant Housing Units | 2,507 ( 7.9%) |
| Median Home Value | $113,948 |
| Average Home Value | $165,419 |
Housing Distribution
Address Breakdown
Residential
30,662
Single Family
25,891
Multi-Family
4,771
Businesses
2,790
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Listed by: Monica Benavides Team • THE MBTEAM
Mls Name: RGVMLS
Mls ID: #29767970