302 E Washington StAlvordTX76225
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Alvord at 302 E Washington St, Alvord, TX, 76225 offers $2,552/mo rent that, after a $1,370/mo payment, leaves $561/mo cash flow. Total monthly income is $2,552/mo, and annual cash flow is $6,736/yr on $92,820 cash. Return on cash invested measures 27.17% in year one, and rental yield stands at 10.94% at a $280,000 entry. Equity gained on principal adds $1,807/yr while 5% annual appreciation compounds into $77,359 by year five. Five-year ROI records 142.98% and total cumulative return in cash reaches $132,717. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,552/mo property income versus a $1,370/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
8,842 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76225, Alvord, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,754 (100%) |
| Owner Occupied HU | 1,313 (74.9%) |
| Renter Occupied HU | 276 (15.7%) |
| Vacant Housing Units | 165 ( 9.4%) |
| Median Home Value | $374,793 |
| Average Home Value | $524,745 |
Housing Distribution
Address Breakdown
Residential
1,539
Single Family
1,539
Multi-Family
0
Businesses
92
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices