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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Devine at 306 N WASHINGTON DR, Devine, TX, 78016 with 5% annual appreciation on a $215,000 basis while $1,970/mo rent supports operations. Total monthly income totals $1,970/mo and a $1,052/mo payment preserves $269/mo for cash returns. Annual cash flow comes to $3,233/yr on $71,273 deployed, and return on cash invested reaches 24.44% in year one. Equity gained on principal adds $1,387/yr, and five-year appreciation sums $59,401 alongside rental yield of 11%. Five-year ROI measures 129.46% and total cumulative return in cash totals $92,269.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,970/mo property income versus a $1,052/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1987
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78016, Devine, TX area.
| 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 |
Residential
3,988
Single Family
3,988
Multi-Family
0
Businesses
332
Date | Event | Price |
|---|---|---|
| 2024-08-14 | Listed for sale | $215,000 |
| 2014-12-12 | Listing removed | $129,999 |
| 2014-12-03 | Price change | $129,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | $5633.31 | 1.62% | $256,550 | 0.66% |
| 2023-12-27 | $5543.75 | 6.09% | $254,880 | 11.22% |
| 2022-12-27 | $5225.53 | 32.36% | $229,160 | 39.81% |
Listed by: Misty Thompson • KW Thompson Houston Real Estate
Mls Name: SABOR
Mls Provider:
Mls ID: #1801018
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.
