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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Alvarado at 704 N Ray St, Alvarado, TX, 76009 generates $2,285/mo in rent and, after a $1,165/mo payment, leaves $576/mo in cash flow. Total monthly income is $2,285/mo, and annual cash flow is $6,916/yr on $78,897 invested. Return on cash invested sits at 28.68% in year one, and rental yield is 11.52% on a $238,000 entry. Equity gained on principal adds $1,536/yr, while 5% annual appreciation builds toward $65,755 over five years. Five-year ROI reaches 151.18% and total cumulative return in cash sums $119,278. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,285/mo property income rather than buyer’s personal income.
Single Family
Built in 1986
8,363 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76009, Alvarado, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,885 (100%) |
| Owner Occupied HU | 6,636 (74.7%) |
| Renter Occupied HU | 1,757 (19.8%) |
| Vacant Housing Units | 492 ( 5.5%) |
| Median Home Value | $258,762 |
| Average Home Value | $301,630 |
Residential
8,499
Single Family
8,345
Multi-Family
154
Businesses
651
Date | Event | Price |
|---|---|---|
| 2025-06-05 | Listed for sale | $238,000 |
| 2025-05-25 | Listing removed | $225,000 |
| 2025-05-24 | Listed for sale | $225,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-06 | N/A | N/A | $168,053 | N/A |
| 2023-06-06 | $4142.64 | 71.46% | $168,053 | 87.21% |
| 2022-06-06 | $2416.12 | -0.85% | $89,768 | N/A |
Listed by: Francisco Rico • Rico Realty
Mls Name: NTREIS
Mls ID: #20953814
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.
