401 Beringer CtLaredoTX78041
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
Rental property for sale in Laredo at 401 Beringer Ct, Laredo, TX, 78041 priced at $1,149,500 pairs $9,694/mo rent with $1,470/mo cash flow after a $5,626/mo payment. Total monthly income equals $9,694/mo, and annual cash flow comes to $17,639/yr on $372,438 invested. Return on cash invested is 25.11% in year one, and rental yield stands at 10.12% on a $1,149,500 basis. Equity gained on principal adds $7,418/yr, and 5% annual appreciation accumulates to $317,586 by year five. Five-year ROI measures 131.9% and total cumulative return in cash reaches $491,252. For financing, Ziffy Mortgage’s DSCR program evaluates $9,694/mo property income against a $5,626/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2020
0.89 Acres lot
$N/A/sqft
$150 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78041, Laredo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,133 (100%) |
| Owner Occupied HU | 9,039 (49.8%) |
| Renter Occupied HU | 7,591 (41.9%) |
| Vacant Housing Units | 1,503 ( 8.3%) |
| Median Home Value | $247,918 |
| Average Home Value | $286,595 |
Housing Distribution
Address Breakdown
Residential
17,176
Single Family
14,391
Multi-Family
2,785
Businesses
2,929
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Listed by: Juan Gonzalez • Weichert Realtors-Nash & Associates
Mls Name: LAR
Mls Provider:
Mls ID: #20243001
Disclaimer: 2024 Laredo Multiple Listing Service. Information is deemed to be reliable but not guaranteed. Information is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.