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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
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 shown for ZIP Code: 76009, Alvarado, TX area.
| 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 |
Residential
8,499
Single Family
8,345
Multi-Family
154
Businesses
651
Date | Event | Price |
|---|---|---|
| 2024-10-09 | Listed for sale | $197,500 |
| 2024-08-27 | Listing removed | $1,600 |
| 2024-08-17 | Listed for rent | $1,600 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-15 | N/A | N/A | $163,733 | 20.00% |
| 2023-10-15 | $3363.44 | 98.48% | $136,444 | 116.72% |
| 2022-10-15 | $1694.56 | 43.10% | $62,959 | 9.92% |
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.
