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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 505 BROWN AVE, Devine, TX, 78016 priced at $200,000 converts $1,754/mo rent into $278/mo cash flow after a $979/mo obligation. Total monthly income equals $1,754/mo, and annual cash flow totals $3,330/yr on $66,300 invested. Return on cash invested prints 24.93% in year one, and rental yield reads 10.52% against a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation compiles into $55,256 by year five. Five-year ROI reaches 131.38% and total cumulative return in cash sums $87,104. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,754/mo property income covering a $979/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.26 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 |
|---|---|---|
| 2025-01-09 | Listed for sale | $200,000 |
| 2024-09-13 | Listing removed | $199,999 |
| 2024-09-13 | Pending sale | $199,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-11 | $3969.78 | 292.58% | $180,790 | 73.19% |
| 2023-02-11 | $1011.20 | -53.63% | $104,390 | 9.15% |
| 2022-02-11 | $2180.89 | 223.35% | $95,640 | 47.95% |
Listed by: Jennifer Bernal • Connect Realty.com
Mls Name: SABOR
Mls Provider:
Mls ID: #1833334
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.
