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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% |
Rental property for sale in Devine at 309 Hayden Avenue, Devine, TX, 78016 offers $2,054/mo rent that, after a $1,150/mo payment, leaves $383/mo cash flow. Total monthly income is $2,054/mo, and annual cash flow is $4,597/yr on $77,903 cash. Return on cash invested measures 25.81% in year one, and rental yield stands at 10.49% at a $235,000 entry. Equity gained on principal adds $1,516/yr while 5% annual appreciation compounds into $64,926 by year five. Five-year ROI records 135.74% and total cumulative return in cash reaches $105,748. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,054/mo property income versus a $1,150/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2016
0.36 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 |
|---|---|---|
| 2025-02-03 | Price change | $235,000 |
| 2024-12-05 | Listed for sale | $239,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-11 | $616.32 | 21.14% | $28,068 | 20.00% |
| 2023-02-11 | $508.77 | -4.61% | $23,390 | N/A |
| 2022-02-11 | $533.37 | 96.66% | $23,390 | 107.73% |
Listed by: Stephen Long • Long Properties
Mls Name: SABOR
Mls Provider:
Mls ID: #1827283
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.
