429 Palo AltoVon OrmyTX78073
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 Von Ormy at 429 Palo Alto, Von Ormy, TX, 78073 offers $1,344/mo rent that, after a $2,203/mo payment. Total monthly income is $1,344/mo. Return on cash invested measures 4.97% in year one, and rental yield stands at 3.58% at a $450,000 entry. Equity gained on principal adds $2,904/yr while 5% annual appreciation compounds into $124,327 by year five. Five-year ROI records 23.98% and total cumulative return in cash reaches $35,766. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,344/mo property income versus a $2,203/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 2021
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78073, Von Ormy, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,278 (100%) |
| Owner Occupied HU | 3,088 (72.2%) |
| Renter Occupied HU | 614 (14.4%) |
| Vacant Housing Units | 576 (13.5%) |
| Median Home Value | $222,500 |
| Average Home Value | $248,030 |
Housing Distribution
Address Breakdown
Residential
4,259
Single Family
3,837
Multi-Family
422
Businesses
155
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