523A RossvilleDevineTX78016
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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 Devine at 523A Rossville, Devine, TX, 78016 priced at $270,000 converts $1,200/mo rent into after a $1,322/mo obligation. Total monthly income equals $1,200/mo. Return on cash invested prints 10.25% in year one, and rental yield reads 5.33% against a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,596 by year five. Five-year ROI reaches 52.26% and total cumulative return in cash sums $46,777. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,200/mo property income covering a $1,322/mo payment, not borrower’s personal income.
Single Family
Built in 1975
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78016, Devine, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
3,988
Single Family
3,988
Multi-Family
0
Businesses
332
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