3118 River Place DrBeltonTX76513
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Belton at 3118 River Place Dr, Belton, TX, 76513 priced at $799,900 converts $4,550/mo rent into after a $3,915/mo obligation. Total monthly income equals $4,550/mo. Return on cash invested prints 13.88% in year one, and rental yield reads 6.83% against a $799,900 entry. Equity gained on principal adds $5,162/yr, while 5% annual appreciation compiles into $220,998 by year five. Five-year ROI reaches 72.08% and total cumulative return in cash sums $189,684. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,550/mo property income covering a $3,915/mo payment, not borrower’s personal income.
Single Family
Built in 2002
1.03 Acres lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76513, Belton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,497 (100%) |
| Owner Occupied HU | 12,076 (65.3%) |
| Renter Occupied HU | 5,158 (27.9%) |
| Vacant Housing Units | 1,263 ( 6.8%) |
| Median Home Value | $336,211 |
| Average Home Value | $377,275 |
Housing Distribution
Address Breakdown
Residential
18,034
Single Family
15,946
Multi-Family
2,088
Businesses
1,278
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer Bruns • Vista Real Estate
Mls Name: WMLS
Mls Provider:
Mls ID: #228072
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Waco Association of Realtors. IDX 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. Information deemed reliable but not guaranteed. Copyright 2025 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2025-02-13 01:53:24 PST