301 Jefferson Dr, Devine, TX, 78016 | $464/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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301 Jefferson Dr, Devine, TX, 78016 | $464/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Devine at 301 Jefferson Dr, Devine, TX, 78016 uses $67,626 cash to close to unlock $5,566/yr annual cash flow and $464/mo monthly cash flow. Total monthly income runs $1,914/mo, and a $998/mo payment keeps the spread at $464/mo. Purchase price stands at $204,000, and rental yield measures 11.26% with $1,914/mo rent. Return on cash invested shows 28.14% in year one, and 5% annual appreciation builds toward $56,361 over five years. Five-year ROI reaches 148.17% and total cumulative return in cash records $100,204. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,914/mo property income covering a $998/mo payment rather than investor’s personal income.

Single Family

Built in 1953

9,016 sqft lot

$N/A/sqft

No HOA

More details about the property

This charming 1-story corner lot home offers 3 bedrooms, 2 baths, and 1,680 sq. ft. of living space on a 0.21-acre lot. The home features a side entry through the gate entrance, high ceilings throughout, adding character and a spacious feel. A decorative fireplace serves as the living room's focal point, though it is not functional. Recent updates include a new roof, gutters, AC, and windows (2022), as well as a freshly updated bathroom. The home sits on a pier-and-beam foundation that was releveled in 2024. The property includes a detached 2-car carport and a storage shed for added functionality. The backyard is fully enclosed with both chain-link and wood fencing, offering space for outdoor activities. Recent updates include patched and painted walls, along with other repairs made to enhance the home's curb appeal. Conveniently located just minutes from Devine High School, this home blends comfort, updates, and classic charm in a desirable location.

Neighborhood Data

Neighborhood data shown for ZIP Code: 78016, Devine, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,139 (100%)
Owner Occupied HU	2,895 (69.9%)
Renter Occupied HU	836 (20.2%)
Vacant Housing Units	408 ( 9.9%)
Median Home Value	$234,520
Average Home Value	$289,339