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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 Ganado at 505 Elm Dr, Ganado, TX, 77962 offers $2,490/mo rent that, after a $1,659/mo payment, leaves $7/mo cash flow. Total monthly income is $2,490/mo, and annual cash flow is $83/yr on $112,379 cash. Return on cash invested measures 19.98% in year one, and rental yield stands at 8.81% at a $339,000 entry. Equity gained on principal adds $2,188/yr while 5% annual appreciation compounds into $93,659 by year five. Five-year ROI records 104.71% and total cumulative return in cash reaches $117,676. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,490/mo property income versus a $1,659/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1983
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 77962, Ganado, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,378 (100%) |
| Owner Occupied HU | 924 (67.1%) |
| Renter Occupied HU | 282 (20.5%) |
| Vacant Housing Units | 172 (12.5%) |
| Median Home Value | $253,763 |
| Average Home Value | $307,827 |
Residential
637
Single Family
637
Multi-Family
0
Businesses
109
Date | Event | Price |
|---|---|---|
| 2025-03-24 | Listed for sale | $339,000 |
| 2021-05-14 | Sold | N/A |
| 2021-04-14 | Pending sale | $184,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-25 | $6497.86 | -2.26% | $305,350 | -2.46% |
| 2023-03-25 | $6647.84 | 28.41% | $313,060 | 41.18% |
| 2022-03-25 | $5176.98 | 126.21% | $221,750 | 49.31% |
Listed by: Angela Stancik • ThisIsLivin Properties, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #81452826
Disclaimer: Copyright 2025, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers 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.
