3500 Carmen Ave APT 807Rancho ViejoTX78575
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Rancho Viejo at 3500 Carmen Ave APT 807, Rancho Viejo, TX, 78575 uses $41,106 cash to close to unlock $842/yr annual cash flow and $70/mo monthly cash flow. Total monthly income runs $952/mo, and a $607/mo payment keeps the spread at $70/mo. Purchase price stands at $124,000, and rental yield measures 9.21% with $952/mo rent. Return on cash invested shows 21.96% in year one, and 5% annual appreciation builds toward $34,259 over five years. Five-year ROI reaches 115.11% and total cumulative return in cash records $47,319. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $952/mo property income covering a $607/mo payment rather than investor’s personal income.
Condo
Built in 1982
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Aide Sosa • GRT Realty
Mls Name: RGVMLS
Mls ID: #29757383