502 N Spears StAlvaradoTX76009
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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 Alvarado at 502 N Spears St, Alvarado, TX, 76009 priced at $126,000 converts $966/mo rent into $70/mo cash flow after a $617/mo obligation. Total monthly income equals $966/mo, and annual cash flow totals $836/yr on $41,769 invested. Return on cash invested prints 21.91% in year one, and rental yield reads 9.2% against a $126,000 entry. Equity gained on principal adds $813/yr, while 5% annual appreciation compiles into $34,811 by year five. Five-year ROI reaches 114.85% and total cumulative return in cash sums $47,971. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $966/mo property income covering a $617/mo payment, not borrower’s personal income.
Single Family
Built in 1945
3,441 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76009, Alvarado, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,885 (100%) |
| Owner Occupied HU | 6,636 (74.7%) |
| Renter Occupied HU | 1,757 (19.8%) |
| Vacant Housing Units | 492 ( 5.5%) |
| Median Home Value | $258,762 |
| Average Home Value | $301,630 |
Housing Distribution
Address Breakdown
Residential
8,499
Single Family
8,345
Multi-Family
154
Businesses
651
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