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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 Devine at 511 WEDGEWOOD WAY, Devine, TX, 78016 uses $88,842 cash to close to unlock $4,415/yr annual cash flow and $368/mo monthly cash flow. Total monthly income runs $2,274/mo, and a $1,312/mo payment keeps the spread at $368/mo. Purchase price stands at $268,000, and rental yield measures 10.18% with $2,274/mo rent. Return on cash invested shows 24.88% in year one, and 5% annual appreciation builds toward $74,043 over five years. Five-year ROI reaches 130.69% and total cumulative return in cash records $116,109. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,274/mo property income covering a $1,312/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.33 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 |
|---|---|---|
| 2024-06-21 | Price change | $268,000 |
| 2024-06-19 | Listed for sale | $279,000 |
| 2024-06-13 | Contingent | $279,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-13 | $2037.85 | -16.00% | $138,265 | 10.00% |
| 2022-08-13 | $2425.89 | -1.77% | $125,695 | 10.00% |
| 2021-08-13 | $2469.72 | 5.31% | $114,268 | 10.00% |
Listed by: Abigail Pawelek • Brohill Realty Ltd
Mls Name: SABOR
Mls Provider:
Mls ID: #1767509
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.
