316 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 316 Enchanted Way, Del Rio, TX, 78840 with 5% annual appreciation on a $319,000 basis while $2,882/mo rent supports operations. Total monthly income totals $2,882/mo and a $1,561/mo payment preserves $614/mo for cash returns. Annual cash flow comes to $7,367/yr on $105,749 deployed, and return on cash invested reaches 26.88% in year one. Equity gained on principal adds $2,058/yr, and five-year appreciation sums $88,134 alongside rental yield of 10.84%. Five-year ROI measures 141.39% and total cumulative return in cash totals $149,521.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,882/mo property income versus a $1,561/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1975
0.38 Acres 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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Listed by: Samuel Mireles • eXp Realty, LLC - B. Ozuna Realty Group
Mls Name: Del Rio BOR
Mls ID: #207352
Disclaimer: Based on information from the Multiple Listing Service of the Del Rio Board of REALTORS as of 2025-08-04 05:52:07 PDT. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Del Rio Board of REALTORS provides the MLS and all content therein AS IS and without any warranty, express or implied.