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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 Alvarado at 309 N Sparks St, Alvarado, TX, 76009 offers a 8.68% rental yield on a $230,000 purchase with $1,663/mo rent. Total monthly income registers $1,663/mo, and a $1,126/mo payment leaves $27/mo available for distribution. Annual cash flow reaches $326/yr on $76,245 to close, and return on cash invested stands at 20.34% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,545 over five years. Portfolio math shows five-year ROI at 106.39% and total cumulative return in cash at $81,115. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,663/mo property income against a $1,126/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76009, Alvarado, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,885 (100%) |
| Owner Occupied HU | 6,636 (74.7%) |
| Renter Occupied HU | 1,757 (19.8%) |
| Vacant Housing Units | 492 ( 5.5%) |
| Median Home Value | $258,762 |
| Average Home Value | $301,630 |
Residential
8,499
Single Family
8,345
Multi-Family
154
Businesses
651
Date | Event | Price |
|---|---|---|
| 2025-01-07 | Price change | $230,000 |
| 2025-01-03 | Listed for sale | $235,000 |
| 2024-02-01 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-12 | N/A | N/A | $77,245 | 10.00% |
| 2023-02-12 | $884.31 | -23.02% | $70,223 | 10.00% |
| 2022-02-12 | $1148.80 | -4.64% | $63,839 | 10.00% |
Listed by: Deborah Lyon-Costa • Texas Roots Realty
Mls Name: NTREIS
Mls ID: #20804003
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.
