824 Lucy DrAlamoTX78516
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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 Alamo at 824 Lucy Dr, Alamo, TX, 78516 priced at $360,000 converts $2,555/mo rent into after a $1,762/mo obligation. Total monthly income equals $2,555/mo. Return on cash invested prints 17.52% in year one, and rental yield reads 8.52% against a $360,000 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation compiles into $99,461 by year five. Five-year ROI reaches 92.1% and total cumulative return in cash sums $109,917. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,555/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Single Family
Built in 1998
0.29 Acres lot
$N/A/sqft
$190 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78516, Alamo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,392 (100%) |
| Owner Occupied HU | 8,244 (61.6%) |
| Renter Occupied HU | 2,527 (18.9%) |
| Vacant Housing Units | 2,621 (19.6%) |
| Median Home Value | $126,098 |
| Average Home Value | $147,718 |
Housing Distribution
Address Breakdown
Residential
11,558
Single Family
10,219
Multi-Family
1,339
Businesses
541
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