518 E Main AveKarnes CityTX78118
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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
Rental property for sale in Karnes City at 518 E Main Ave, Karnes City, TX, 78118 offers $1,183/mo rent that, after a $954/mo payment. Total monthly income is $1,183/mo. Return on cash invested measures 16.14% in year one, and rental yield stands at 7.28% at a $195,000 entry. Equity gained on principal adds $1,258/yr while 5% annual appreciation compounds into $53,875 by year five. Five-year ROI records 83.83% and total cumulative return in cash reaches $54,190. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,183/mo property income versus a $954/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
10,802 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78118, Karnes City, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,996 (100%) |
| Owner Occupied HU | 1,087 (54.5%) |
| Renter Occupied HU | 519 (26.0%) |
| Vacant Housing Units | 390 (19.5%) |
| Median Home Value | $156,676 |
| Average Home Value | $259,027 |
Housing Distribution
Address Breakdown
Residential
1,706
Single Family
1,602
Multi-Family
104
Businesses
240
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Listed by: Karen Gulick • South Texas Realty, LLC
Mls Name: SABOR
Mls Provider:
Mls ID: #1821349
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.