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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 Alvarado at 318 Boone St, Alvarado, TX, 76009 priced at $135,000 converts $1,070/mo rent into after a $661/mo obligation. Total monthly income equals $1,070/mo. Return on cash invested prints 18.7% in year one, and rental yield reads 9.51% against a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation compiles into $37,298 by year five. Five-year ROI reaches 99.05% and total cumulative return in cash sums $44,329. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,070/mo property income covering a $661/mo payment, not borrower’s personal income.
Single Family
Built in 2021
5,662 sqft lot
$N/A/sqft
$155 monthly 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 |
|---|---|---|
| 2025-07-14 | Listed for sale | $135,000 |
| 2025-05-19 | Listing removed | $139,900 |
| 2024-11-20 | Listed for sale | $139,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-15 | N/A | N/A | $75,720 | -9.01% |
| 2023-07-15 | $327.82 | -8.33% | $83,220 | N/A |
| 2022-07-15 | $357.62 | -5.99% | $83,220 | 316.10% |
Listed by: Priscilla Shields • United Real Estate DFW
Mls Name: NTREIS
Mls ID: #20999983
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.
