TBD CR 361MicoTX78056
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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 Mico at TBD CR 361, Mico, TX, 78056 offers $1,500/mo rent that, after a $7,097/mo payment. Total monthly income is $1,500/mo. Return on cash invested measures -2.14% in year one, and rental yield stands at 1.24% at a $1,450,000 entry. Equity gained on principal adds $9,357/yr while 5% annual appreciation compounds into $400,608 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,500/mo property income versus a $7,097/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
58 Acres lot
$N/A/sqft
No 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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