3500 Carmen Ave APT 805OlmitoTX78575
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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 Olmito at 3500 Carmen Ave APT 805, Olmito, TX, 78575 earns $113/mo cash flow from $980/mo rent with a $597/mo payment. Total monthly income totals $980/mo, and annual cash flow totals $1,351/yr on $40,443 capital. ROI tracks 23.25% on current figures, and rental yield reads 9.64% at a $122,000 purchase. Equity gained on principal adds $787/yr, and 5% annual appreciation supports $33,706 over five years. Five-year ROI reaches 122.04% and total cumulative return in cash sums $49,355. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $980/mo property income instead of your personal income.
Condo
Built in 1982
2,313 sqft lot
$N/A/sqft
No 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: Alejandro G. Coronado • Alto Vista Realty LLC
Mls Name: RGVMLS
Mls Provider:
Mls ID: #29764842
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.