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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% |
Investment property for sale in Alvarado at 511 S Spears St #1, Alvarado, TX, 76009 at $169,500 posts ROI 53.38% with $1,567/mo cash flow from $2,773/mo rent. Total monthly income equals $2,773/mo, and annual cash flow records $18,807/yr on $56,189 to close. Return on cash invested measures 53.38% and rental yield reads 19.63% at the current $169,500. Equity gained on principal adds $1,094/yr, and 5% annual appreciation supports $46,830 by year five. Five-year ROI prints 283.61% and total cumulative return in cash totals $159,356.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,773/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1940
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76009, Alvarado, TX area.
| 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 |
Residential
8,499
Single Family
8,345
Multi-Family
154
Businesses
651
Date | Event | Price |
|---|---|---|
| 2024-04-15 | Price change | $169,500 |
| 2024-03-04 | Listed for sale | $179,500 |
| 2024-02-20 | Pending sale | $179,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Michael Richardson • The Richardson Group
Mls Name: NTREIS
Mls ID: #20514588
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.
