402 Prescott LoopLaredoTX78046
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 Laredo at 402 Prescott Loop, Laredo, TX, 78046 uses $61,162 cash to close to unlock $2,976/yr annual cash flow and $248/mo monthly cash flow. Total monthly income runs $1,560/mo, and a $903/mo payment keeps the spread at $248/mo. Purchase price stands at $184,500, and rental yield measures 10.15% with $1,560/mo rent. Return on cash invested shows 24.78% in year one, and 5% annual appreciation builds toward $50,974 over five years. Five-year ROI reaches 130.24% and total cumulative return in cash records $79,658. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,560/mo property income covering a $903/mo payment rather than investor’s personal income.
Single Family
Built in 1998
4,720 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78046, Laredo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,355 (100%) |
| Owner Occupied HU | 15,390 (72.1%) |
| Renter Occupied HU | 4,715 (22.1%) |
| Vacant Housing Units | 1,250 ( 5.9%) |
| Median Home Value | $167,576 |
| Average Home Value | $197,620 |
Housing Distribution
Address Breakdown
Residential
21,533
Single Family
20,950
Multi-Family
583
Businesses
426
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices