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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 Laredo at 904 E Montgomery St, Laredo, TX, 78040 offers $3,067/mo rent that, after a $489/mo payment, leaves $2,356/mo cash flow. Total monthly income is $3,067/mo, and annual cash flow is $28,276/yr on $33,150 cash. Return on cash invested measures 105.21% in year one, and rental yield stands at 36.8% at a $100,000 entry. Equity gained on principal adds $645/yr while 5% annual appreciation compounds into $27,628 by year five. Five-year ROI records 561.5% and total cumulative return in cash reaches $186,136. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,067/mo property income versus a $489/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
6,431 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78040, Laredo, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,711 (100%) |
| Owner Occupied HU | 5,276 (38.5%) |
| Renter Occupied HU | 6,733 (49.1%) |
| Vacant Housing Units | 1,702 (12.4%) |
| Median Home Value | $142,151 |
| Average Home Value | $183,159 |
Residential
12,147
Single Family
11,492
Multi-Family
655
Businesses
1,690
Date | Event | Price |
|---|---|---|
| 2024-08-12 | Price change | $100,000 |
| 2024-05-23 | Listed for sale | $118,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-13 | $728.28 | 12.33% | $111,584 | 16.66% |
| 2022-08-13 | $648.36 | 6.72% | $95,650 | 14.84% |
| 2021-08-13 | $607.56 | 9.61% | $83,291 | 10.82% |
What's Special
None
Listed by: Vicky Pineda • Coldwell Banker Ana Ochoa & Co
Mls Name: LAR
Mls Provider:
Mls ID: #20242089
Disclaimer: 2024 Laredo Multiple Listing Service. Information is deemed to be reliable but not guaranteed. Information is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
