3005 Old Alice Rd UNIT 1000-PBrownsvilleTX78521
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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 UNIT 1000-P, Brownsville, TX, 78521 generates $875/mo in rent and, after a $552/mo payment, leaves $73/mo in cash flow. Total monthly income is $875/mo, and annual cash flow is $875/yr on $37,401 invested. Return on cash invested sits at 22.25% in year one, and rental yield is 9.31% on a $112,825 entry. Equity gained on principal adds $728/yr, while 5% annual appreciation builds toward $31,171 over five years. Five-year ROI reaches 116.59% and total cumulative return in cash sums $43,606. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $875/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: Aj Eriksen-Bowen • Border Properties
Mls Name: RGVMLS
Mls Provider:
Mls ID: #29757420
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.