4501 Carmen Ave UNIT 9OlmitoTX78575
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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 Olmito at 4501 Carmen Ave UNIT 9, Olmito, TX, 78575 generates $1,288/mo in rent and, after a $832/mo payment, leaves $79/mo in cash flow. Total monthly income is $1,288/mo, and annual cash flow is $950/yr on $56,355 invested. Return on cash invested sits at 21.59% in year one, and rental yield is 9.09% on a $170,000 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 113.17% and total cumulative return in cash sums $63,777. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,288/mo property income rather than buyer’s personal income.
Condo
Built in 1975
5,479 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78575, Olmito, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,963 (100%) |
| Owner Occupied HU | 1,766 (59.6%) |
| Renter Occupied HU | 695 (23.5%) |
| Vacant Housing Units | 502 (16.9%) |
| Median Home Value | $265,753 |
| Average Home Value | $304,388 |
Housing Distribution
Address Breakdown
Residential
2,621
Single Family
2,256
Multi-Family
365
Businesses
208
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