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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% |
Investment property for sale in Alvarado at 606 W Cotter Ave, Alvarado, TX, 76009 offers a 11.23% rental yield on a $275,000 purchase with $2,574/mo rent. Total monthly income registers $2,574/mo, and a $1,346/mo payment leaves $598/mo available for distribution. Annual cash flow reaches $7,176/yr on $91,163 to close, and return on cash invested stands at 27.78% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 146.41% and total cumulative return in cash at $133,475. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,574/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
7,579 sqft 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 |
|---|---|---|
| 2024-06-04 | Listed for sale | $275,000 |
| 2024-05-17 | Listing removed | N/A |
| 2024-04-01 | Listed for rent | $3,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-13 | $4809.55 | 42.09% | $243,943 | 93.97% |
| 2022-08-13 | $3384.89 | 398.75% | $125,761 | 403.04% |
| 2021-08-13 | $678.68 | N/A | $25,000 | N/A |
Listed by: John Prell • Creekview Realty
Mls Name: NTREIS
Mls ID: #20635714
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.
