308 Enchanted WayDel RioTX78840
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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
Investment property for sale in Del Rio at 308 Enchanted Way, Del Rio, TX, 78840 uses $91,129 cash to close to unlock $680/yr annual cash flow and $57/mo monthly cash flow. Total monthly income runs $2,011/mo, and a $1,346/mo payment keeps the spread at $57/mo. Purchase price stands at $274,900, and rental yield measures 8.78% with $2,011/mo rent. Return on cash invested shows 20.65% in year one, and 5% annual appreciation builds toward $75,950 over five years. Five-year ROI reaches 108.06% and total cumulative return in cash records $98,475. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,011/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78840, Del Rio, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,647 (100%) |
| Owner Occupied HU | 10,623 (57.0%) |
| Renter Occupied HU | 5,537 (29.7%) |
| Vacant Housing Units | 2,487 (13.3%) |
| Median Home Value | $181,029 |
| Average Home Value | $222,331 |
Housing Distribution
Address Breakdown
Residential
18,108
Single Family
17,130
Multi-Family
978
Businesses
1,131
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