815 E Morin StDel RioTX78840
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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 Del Rio at 815 E Morin St, Del Rio, TX, 78840 generates $3,275/mo in rent and, after a $1,079/mo payment, leaves $1,707/mo in cash flow. Total monthly income is $3,275/mo, and annual cash flow is $20,487/yr on $73,096 invested. Return on cash invested sits at 47.94% in year one, and rental yield is 17.82% on a $220,500 entry. Equity gained on principal adds $1,423/yr, while 5% annual appreciation builds toward $60,920 over five years. Five-year ROI reaches 254.4% and total cumulative return in cash sums $185,952. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,275/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78840, Del Rio, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,647 (100%) |
| Owner Occupied HU | 10,623 (57.0%) |
| Renter Occupied HU | 5,537 (29.7%) |
| Vacant Housing Units | 2,487 (13.3%) |
| Median Home Value | $181,029 |
| Average Home Value | $222,331 |
Housing Distribution
Address Breakdown
Residential
18,108
Single Family
17,130
Multi-Family
978
Businesses
1,131
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Listed by: Josseline Tellez • Keller Williams Realty Del Rio
Mls Name: Del Rio BOR
Mls ID: #205435
Disclaimer: Based on information from the Multiple Listing Service of the Del Rio Board of REALTORS as of 2024-01-25 09:05:47 PST. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Del Rio Board of REALTORS provides the MLS and all content therein AS IS and without any warranty, express or implied.