3005 Old Alice Rd APT 900CBrownsvilleTX78521
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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 Brownsville at 3005 Old Alice Rd APT 900C, Brownsville, TX, 78521 generates $961/mo in rent and, after a $587/mo payment, leaves $108/mo in cash flow. Total monthly income is $961/mo, and annual cash flow is $1,296/yr on $39,780 invested. Return on cash invested sits at 23.17% in year one, and rental yield is 9.61% on a $119,999 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 121.5% and total cumulative return in cash sums $48,331. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $961/mo property income rather than buyer’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: Melissa J. Martinez • KELLER WILLIAMS LRGV
Mls Name: RGVMLS
Mls ID: #29769641