585 County Road 7718DevineTX78016
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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 585 County Road 7718, Devine, TX, 78016 generates $1,902/mo in rent, after a $1,395/mo payment. Total monthly income is $1,902/mo. Return on cash invested sits at 18.32% in year one, and rental yield is 8.01% on a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 95.6% and total cumulative return in cash sums $90,318. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,902/mo property income rather than buyer’s personal income.
Manufactured
Built in 2013
1.85 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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Listed by: Shane Neal • Keller Williams City-View
Mls Name: SABOR
Mls Provider:
Mls ID: #1858572
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.