517 Gregory DrDel RioTX78840
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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
Investment property for sale in Del Rio at 517 Gregory Dr, Del Rio, TX, 78840 uses $38,123 cash to close to unlock $14,437/yr annual cash flow and $1,203/mo monthly cash flow. Total monthly income runs $2,021/mo, and a $563/mo payment keeps the spread at $1,203/mo. Purchase price stands at $115,000, and rental yield measures 21.09% with $2,021/mo rent. Return on cash invested shows 57.78% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 307.28% and total cumulative return in cash records $117,141. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,021/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1995
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78840, Del Rio, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,647 (100%) |
| Owner Occupied HU | 10,623 (57.0%) |
| Renter Occupied HU | 5,537 (29.7%) |
| Vacant Housing Units | 2,487 (13.3%) |
| Median Home Value | $181,029 |
| Average Home Value | $222,331 |
Housing Distribution
Address Breakdown
Residential
18,108
Single Family
17,130
Multi-Family
978
Businesses
1,131
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Listed by: Karla Del Puerto • REALTY EXECUTIVES DEL RIO
Mls Name: Del Rio BOR
Mls ID: #206108
Disclaimer: Based on information from the Multiple Listing Service of the Del Rio Board of REALTORS as of 2024-01-25 09:05:47 PST. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Del Rio Board of REALTORS provides the MLS and all content therein AS IS and without any warranty, express or implied.