604 Morelos AveRancho ViejoTX78575
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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 Rancho Viejo at 604 Morelos Ave, Rancho Viejo, TX, 78575 generates $2,631/mo in rent, after a $2,589/mo payment. Total monthly income is $2,631/mo. Return on cash invested sits at 12.26% in year one, and rental yield is 5.97% on a $529,000 entry. Equity gained on principal adds $3,414/yr, while 5% annual appreciation builds toward $146,153 over five years. Five-year ROI reaches 63.04% and total cumulative return in cash sums $109,721. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,631/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78575, Olmito, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,963 (100%) |
| Owner Occupied HU | 1,766 (59.6%) |
| Renter Occupied HU | 695 (23.5%) |
| Vacant Housing Units | 502 (16.9%) |
| Median Home Value | $265,753 |
| Average Home Value | $304,388 |
Housing Distribution
Address Breakdown
Residential
2,621
Single Family
2,256
Multi-Family
365
Businesses
208
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Listed by: Lucio Gonzales • Realty Solutions
Mls Name: RGVMLS
Mls ID: #29767750