3500 Carmen Ave APT 1004OlmitoTX78575
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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
Total monthly income runs $1,235/mo, and a $710/mo payment. Purchase price stands at $145,000, and rental yield measures 10.22% with $1,235/mo rent. Return on cash invested shows 17.95% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 96.13% and total cumulative return in cash records $46,208. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,235/mo property income covering a $710/mo payment rather than investor’s personal income.
Condo
Built in 1982
2,313 sqft lot
$N/A/sqft
$282 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78575, Olmito, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,963 (100%) |
| Owner Occupied HU | 1,766 (59.6%) |
| Renter Occupied HU | 695 (23.5%) |
| Vacant Housing Units | 502 (16.9%) |
| Median Home Value | $265,753 |
| Average Home Value | $304,388 |
Housing Distribution
Address Breakdown
Residential
2,621
Single Family
2,256
Multi-Family
365
Businesses
208
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Listed by: Michael Garcia • Palm Breeze Real Estate LLC
Mls Name: SPIBOR
Mls ID: #103445
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