702 EsplanadeKarnes CityTX78118
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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 Karnes City at 702 Esplanade, Karnes City, TX, 78118 priced at $214,900 pairs $1,616/mo rent with $88/mo cash flow after a $1,052/mo payment. Total monthly income equals $1,616/mo, and annual cash flow comes to $1,052/yr on $71,239 invested. Return on cash invested is 21.39% in year one, and rental yield stands at 9.02% on a $214,900 basis. Equity gained on principal adds $1,387/yr, and 5% annual appreciation accumulates to $59,373 by year five. Five-year ROI measures 111.99% and total cumulative return in cash reaches $79,782. For financing, Ziffy Mortgage’s DSCR program evaluates $1,616/mo property income against a $1,052/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78118, Karnes City, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,996 (100%) |
| Owner Occupied HU | 1,087 (54.5%) |
| Renter Occupied HU | 519 (26.0%) |
| Vacant Housing Units | 390 (19.5%) |
| Median Home Value | $156,676 |
| Average Home Value | $259,027 |
Housing Distribution
Address Breakdown
Residential
1,706
Single Family
1,602
Multi-Family
104
Businesses
240
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Listed by: Jimmy Loya • Lone Star Real Estate-Kenedy, LLC
Mls Name: LERA MLS
Mls ID: #1884901