716 N Cummings DrAlvaradoTX76009
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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 Alvarado at 716 N Cummings Dr, Alvarado, TX, 76009 uses $65,969 cash to close to unlock $2,219/yr annual cash flow and $185/mo monthly cash flow. Total monthly income runs $1,600/mo, and a $974/mo payment keeps the spread at $185/mo. Purchase price stands at $199,000, and rental yield measures 9.65% with $1,600/mo rent. Return on cash invested shows 23.27% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 122.09% and total cumulative return in cash records $80,538. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,600/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in 1985
10,846 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76009, Alvarado, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
8,499
Single Family
8,345
Multi-Family
154
Businesses
651
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