608 Milam StSanta RosaTX78593
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 Santa Rosa at 608 Milam St, Santa Rosa, TX, 78593 offers $1,170/mo rent that, after a $675/mo payment, leaves $70/mo cash flow. Total monthly income is $1,170/mo, and annual cash flow is $840/yr on $45,747 cash. Return on cash invested measures 21.74% in year one, and rental yield stands at 10.17% at a $138,000 entry. Equity gained on principal adds $890/yr while 5% annual appreciation compounds into $38,127 by year five. Five-year ROI records 115.01% and total cumulative return in cash reaches $52,614. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,170/mo property income versus a $675/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2011
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78593, Santa Rosa, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,866 (100%) |
| Owner Occupied HU | 1,267 (67.9%) |
| Renter Occupied HU | 401 (21.5%) |
| Vacant Housing Units | 198 (10.6%) |
| Median Home Value | $160,212 |
| Average Home Value | $190,128 |
Housing Distribution
Address Breakdown
Residential
834
Single Family
784
Multi-Family
50
Businesses
25
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Listed by: Sandra Lee • Sanmar Elite Properties
Mls Name: Greater McAllen AOR
Mls ID: #451839
Disclaimer: Listing information is deemed reliable, but not guaranteed.