605 S Spears StAlvaradoTX76009
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Alvarado at 605 S Spears St, Alvarado, TX, 76009 offers $1,922/mo rent that, after a $967/mo payment, leaves $510/mo cash flow. Total monthly income is $1,922/mo, and annual cash flow is $6,122/yr on $65,471 cash. Return on cash invested measures 29.26% in year one, and rental yield stands at 11.68% at a $197,500 entry. Equity gained on principal adds $1,274/yr while 5% annual appreciation compounds into $54,566 by year five. Five-year ROI records 154.31% and total cumulative return in cash reaches $101,031. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,922/mo property income versus a $967/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
0.31 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jared Childs • Cornerstone Realty Group, LLC
Mls Name: NTREIS
Mls ID: #20749561
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.