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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 322 Boone St, Alvarado, TX, 76009 offers $998/mo rent that, after a $612/mo payment, leaves $44/mo cash flow. Total monthly income is $998/mo, and annual cash flow is $527/yr on $41,438 cash. Return on cash invested measures 21.18% in year one, and rental yield stands at 9.58% at a $125,000 entry. Equity gained on principal adds $807/yr while 5% annual appreciation compounds into $34,535 by year five. Five-year ROI records 111.56% and total cumulative return in cash reaches $46,229. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $998/mo property income versus a $612/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
4,660 sqft lot
$N/A/sqft
$65 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 |
|---|---|---|
| 2024-09-30 | Listed for sale | $125,000 |
| 2023-04-06 | Listing removed | N/A |
| 2022-12-09 | Sold | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-12 | N/A | N/A | $86,400 | 23.43% |
| 2023-02-12 | $1157.23 | -12.01% | $70,000 | N/A |
| 2022-02-12 | $1315.18 | 245.74% | $70,000 | 250.00% |
Listed by: Jessica Musgrove • Better Homes & Gardens, Winans
Mls Name: NTREIS
Mls ID: #20739100
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.
