380 Martin AveCarrizo SpringsTX78834
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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
Rental property for sale in Carrizo Springs at 380 Martin Ave, Carrizo Springs, TX, 78834 offers $930/mo rent that, after a $1,322/mo payment. Total monthly income is $930/mo. Return on cash invested measures 6.63% in year one, and rental yield stands at 4.13% at a $270,000 entry. Equity gained on principal adds $1,742/yr while 5% annual appreciation compounds into $74,596 by year five. Five-year ROI records 32.86% and total cumulative return in cash reaches $29,413. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $930/mo property income versus a $1,322/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2015
1.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78834, Carrizo Springs, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,029 (100%) |
| Owner Occupied HU | 1,613 (53.3%) |
| Renter Occupied HU | 715 (23.6%) |
| Vacant Housing Units | 701 (23.1%) |
| Median Home Value | $87,137 |
| Average Home Value | $136,525 |
Housing Distribution
Address Breakdown
Residential
2,131
Single Family
2,047
Multi-Family
84
Businesses
300
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Listed by: Bradley Burnes • Real Broker, LLC
Mls Name: LERA MLS
Mls ID: #1892064