709 Morelos AveRancho ViejoTX78575
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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
Rental property for sale in Rancho Viejo at 709 Morelos Ave, Rancho Viejo, TX, 78575 priced at $450,000 pairs $3,360/mo rent with $160/mo cash flow after a $2,203/mo payment. Total monthly income equals $3,360/mo, and annual cash flow comes to $1,914/yr on $149,175 invested. Return on cash invested is 21.19% in year one, and rental yield stands at 8.96% on a $450,000 basis. Equity gained on principal adds $2,904/yr, and 5% annual appreciation accumulates to $124,327 by year five. Five-year ROI measures 110.94% and total cumulative return in cash reaches $165,498. For financing, Ziffy Mortgage’s DSCR program evaluates $3,360/mo property income against a $2,203/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1992
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78575, Olmito, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,963 (100%) |
| Owner Occupied HU | 1,766 (59.6%) |
| Renter Occupied HU | 695 (23.5%) |
| Vacant Housing Units | 502 (16.9%) |
| Median Home Value | $265,753 |
| Average Home Value | $304,388 |
Housing Distribution
Address Breakdown
Residential
2,621
Single Family
2,256
Multi-Family
365
Businesses
208
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Listed by: Cecilia Gonzales • RE/MAX ELITE
Mls Name: RGVMLS
Mls Provider:
Mls ID: #29757527
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.