3087 Lenore AveInglesideTX78362
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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 Ingleside at 3087 Lenore Ave, Ingleside, TX, 78362 offers a 8.54% rental yield on a $350,000 purchase with $2,491/mo rent. Total monthly income registers $2,491/mo, and a $1,713/mo payment leaves $2/mo available for distribution. Annual cash flow reaches $26/yr on $116,025 to close, and return on cash invested stands at 19.93% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,699 over five years. Portfolio math shows five-year ROI at 104.19% and total cumulative return in cash at $120,890. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,491/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78362, Ingleside, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,866 (100%) |
| Owner Occupied HU | 2,688 (55.2%) |
| Renter Occupied HU | 1,371 (28.2%) |
| Vacant Housing Units | 807 (16.6%) |
| Median Home Value | $233,230 |
| Average Home Value | $265,187 |
Housing Distribution
Address Breakdown
Residential
4,729
Single Family
3,754
Multi-Family
975
Businesses
239
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