613 Journey LoopLaredoTX78045
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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 Laredo at 613 Journey Loop, Laredo, TX, 78045 listed at $345,000 pairs $3,533/mo rent with a $1,689/mo payment to leave $1,049/mo cash flow. Total monthly income runs $3,533/mo, and annual cash flow reaches $12,591/yr on $114,368 cash to close. Return on cash invested measures 30.92% in year one, and rental yield registers 12.29% at a $345,000 basis. Equity gained on principal adds $2,226/yr, and annual property appreciation at 5% supports $95,317 by year five. Five-year ROI tracks 163.24% and total cumulative return in cash totals $186,688. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,533/mo property income relative to a $1,689/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2023
5,290 sqft lot
$N/A/sqft
$30 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78045, Laredo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,093 (100%) |
| Owner Occupied HU | 16,632 (75.3%) |
| Renter Occupied HU | 4,594 (20.8%) |
| Vacant Housing Units | 867 ( 3.9%) |
| Median Home Value | $251,630 |
| Average Home Value | $271,402 |
Housing Distribution
Address Breakdown
Residential
21,940
Single Family
17,982
Multi-Family
3,958
Businesses
2,349
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Listed by: Minali Samtani • Coldwell Banker Ana Ochoa & Co
Mls Name: LAR
Mls Provider:
Mls ID: #20242162
Disclaimer: 2024 Laredo Multiple Listing Service. Information is deemed to be reliable but not guaranteed. Information is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.