LOT 13 BLOCK 5 Pr 2777 LOT 13MicoTX78056
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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 Mico at LOT 13 BLOCK 5 Pr 2777 LOT 13, Mico, TX, 78056 uses $36,465 cash to close to unlock $24,931/yr annual cash flow and $2,078/mo monthly cash flow. Total monthly income runs $2,909/mo, and a $538/mo payment keeps the spread at $2,078/mo. Purchase price stands at $110,000, and rental yield measures 31.73% with $2,909/mo rent. Return on cash invested shows 88.28% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 471.31% and total cumulative return in cash records $171,864. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,909/mo property income covering a $538/mo payment rather than investor’s personal income.
Lot
Built in N/A
2 Acres lot
$N/A/sqft
$595 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78056, Mico, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,019 (100%) |
| Owner Occupied HU | 814 (79.9%) |
| Renter Occupied HU | 31 ( 3.0%) |
| Vacant Housing Units | 174 (17.1%) |
| Median Home Value | $486,782 |
| Average Home Value | $498,775 |
Housing Distribution
Address Breakdown
Residential
1,081
Single Family
1,081
Multi-Family
0
Businesses
7
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Listed by: Amy Chunn • John Chunn Realty, LLC
Mls Name: SABOR
Mls Provider:
Mls ID: #1680949
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.