423 Hidden Creek DrOrange GroveTX78372
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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 Orange Grove at 423 Hidden Creek Dr, Orange Grove, TX, 78372 priced at $510,000 pairs $4,660/mo rent with $1,034/mo cash flow after a $2,496/mo payment. Total monthly income equals $4,660/mo, and annual cash flow comes to $12,402/yr on $167,790 invested. Return on cash invested is 27.45% in year one, and rental yield stands at 10.96% on a $510,000 basis. Equity gained on principal adds $3,291/yr, and 5% annual appreciation accumulates to $140,904 by year five. Five-year ROI measures 144.48% and total cumulative return in cash reaches $242,427. For financing, Ziffy Mortgage’s DSCR program evaluates $4,660/mo property income against a $2,496/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2015
15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78372, Orange Grove, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,609 (100%) |
| Owner Occupied HU | 1,676 (64.2%) |
| Renter Occupied HU | 411 (15.8%) |
| Vacant Housing Units | 522 (20.0%) |
| Median Home Value | $207,452 |
| Average Home Value | $237,912 |
Housing Distribution
Address Breakdown
Residential
1,784
Single Family
1,760
Multi-Family
24
Businesses
123
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Listed by: Kathleen Jo Riley • Corpus Christi Realty Group
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #418177
Disclaimer: Based on information from South Texas MLS, LLC as of 2024-02-06 10:12:13 PST. All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein AS IS and without any warranty, express or implied. MLS aggregate data is a copyright of Texas Association of REALTORS (TAR) and that the reader may not reproduce or distribute the MLS aggregate data.