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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Devine at 404 WEDGEWOOD WAY, Devine, TX, 78016 generates $1,812/mo in rent and, after a $844/mo payment, leaves $586/mo in cash flow. Total monthly income is $1,812/mo, and annual cash flow is $7,027/yr on $57,184 invested. Return on cash invested sits at 32.2% in year one, and rental yield is 12.61% on a $172,500 entry. Equity gained on principal adds $1,113/yr, while 5% annual appreciation builds toward $47,659 over five years. Five-year ROI reaches 169.96% and total cumulative return in cash sums $97,190. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,812/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78016, Devine, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,139 (100%) |
| Owner Occupied HU | 2,895 (69.9%) |
| Renter Occupied HU | 836 (20.2%) |
| Vacant Housing Units | 408 ( 9.9%) |
| Median Home Value | $234,520 |
| Average Home Value | $289,339 |
Residential
3,988
Single Family
3,988
Multi-Family
0
Businesses
332
Date | Event | Price |
|---|---|---|
| 2024-12-23 | Listed for sale | $172,500 |
| 2011-10-01 | Listing removed | $95,000 |
| 2011-08-13 | Listed for sale | $95,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | $1328.43 | 3.46% | $142,670 | 10.00% |
| 2023-12-27 | $1284.06 | -30.38% | $129,700 | 10.00% |
| 2022-12-27 | $1844.27 | 1.59% | $117,909 | 10.00% |
Listed by: Melissa Rodriguez • TX SOLD, LLC
Mls Name: SABOR
Mls Provider:
Mls ID: #1830700
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.
