307 John Irving DrLaredoTX78041
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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
Total monthly income runs $2,554/mo, and a $1,762/mo payment. Purchase price stands at $360,000, and rental yield measures 8.51% with $2,554/mo rent. Return on cash invested shows 19.64% in year one, and 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 102.71% and total cumulative return in cash records $122,577. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,554/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 2019
6,167 sqft lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78041, Laredo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,133 (100%) |
| Owner Occupied HU | 9,039 (49.8%) |
| Renter Occupied HU | 7,591 (41.9%) |
| Vacant Housing Units | 1,503 ( 8.3%) |
| Median Home Value | $247,918 |
| Average Home Value | $286,595 |
Housing Distribution
Address Breakdown
Residential
17,176
Single Family
14,391
Multi-Family
2,785
Businesses
2,929
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Listed by: Marcos Garza • EXP REALTY
Mls Name: LAR
Mls Provider:
Mls ID: #20243277
Disclaimer: 2024 Laredo Multiple Listing Service. Information is deemed to be reliable but not guaranteed. Information is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.