604 S Spears StAlvaradoTX76009
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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 Alvarado at 604 S Spears St, Alvarado, TX, 76009 listed at $215,000 pairs $2,071/mo rent with a $1,052/mo payment to leave $542/mo cash flow. Total monthly income runs $2,071/mo, and annual cash flow reaches $6,509/yr on $71,273 cash to close. Return on cash invested measures 29.04% in year one, and rental yield registers 11.56% at a $215,000 basis. Equity gained on principal adds $1,387/yr, and annual property appreciation at 5% supports $59,401 by year five. Five-year ROI tracks 153.07% and total cumulative return in cash totals $109,093. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,071/mo property income relative to a $1,052/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1952
1.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76009, Alvarado, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,885 (100%) |
| Owner Occupied HU | 6,636 (74.7%) |
| Renter Occupied HU | 1,757 (19.8%) |
| Vacant Housing Units | 492 ( 5.5%) |
| Median Home Value | $258,762 |
| Average Home Value | $301,630 |
Housing Distribution
Address Breakdown
Residential
8,499
Single Family
8,345
Multi-Family
154
Businesses
651
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