698 Forest CreekDevineTX78016
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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 Devine at 698 Forest Creek, Devine, TX, 78016 earns from $1,257/mo rent with a $783/mo payment. Total monthly income totals $1,257/mo. ROI tracks 19.62% on current figures, and rental yield reads 9.43% at a $159,900 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,177 over five years. Five-year ROI reaches 103.67% and total cumulative return in cash sums $54,954. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,257/mo property income instead of your personal income.
Manufactured
Built in 2022
1.73 Acres lot
$N/A/sqft
$10 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78016, Devine, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,139 (100%) |
| Owner Occupied HU | 2,895 (69.9%) |
| Renter Occupied HU | 836 (20.2%) |
| Vacant Housing Units | 408 ( 9.9%) |
| Median Home Value | $234,520 |
| Average Home Value | $289,339 |
Housing Distribution
Address Breakdown
Residential
3,988
Single Family
3,988
Multi-Family
0
Businesses
332
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Listed by: Carminia Martinez • Encore Fine Properties
Mls Name: LERA MLS
Mls Provider:
Mls ID: #1909841
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.