620 Crackle Grove DrLaredoTX78045
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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 620 Crackle Grove Dr, Laredo, TX, 78045 uses $69,449 cash to close to unlock $8,095/yr annual cash flow and $675/mo monthly cash flow. Total monthly income runs $2,408/mo, and a $1,025/mo payment keeps the spread at $675/mo. Purchase price stands at $209,500, and rental yield measures 13.79% with $2,408/mo rent. Return on cash invested shows 31.57% in year one, and 5% annual appreciation builds toward $57,881 over five years. Five-year ROI reaches 168.11% and total cumulative return in cash records $116,751. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,408/mo property income covering a $1,025/mo payment rather than investor’s personal income.
Single Family
Built in 2011
6,298 sqft lot
$N/A/sqft
$244 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: Leo Saenz • Better Homes & Gardens Real Estate
Mls Name: LAR
Mls Provider:
Mls ID: #20244553
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.