318 Private Road 1712MicoTX78056
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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 Mico at 318 Private Road 1712, Mico, TX, 78056 uses $197,400 cash to close to unlock $4,260/yr annual cash flow and $355/mo monthly cash flow. Total monthly income runs $4,622/mo, and a $2,937/mo payment keeps the spread at $355/mo. Purchase price stands at $600,000, and rental yield measures 9.24% with $4,622/mo rent. Return on cash invested shows 22.22% in year one, and 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 116.4% and total cumulative return in cash records $229,776. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,622/mo property income covering a $2,937/mo payment rather than investor’s personal income.
Single Family
Built in 2012
1.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78056, Mico, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,019 (100%) |
| Owner Occupied HU | 814 (79.9%) |
| Renter Occupied HU | 31 ( 3.0%) |
| Vacant Housing Units | 174 (17.1%) |
| Median Home Value | $486,782 |
| Average Home Value | $498,775 |
Housing Distribution
Address Breakdown
Residential
1,081
Single Family
1,081
Multi-Family
0
Businesses
7
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