Wingate Plan, Megan's LandingCastrovilleTX78009
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Castroville at Wingate Plan, Megan's Landing, Castroville, TX, 78009 offers $3,239/mo rent that, after a $1,899/mo payment, leaves $480/mo cash flow. Total monthly income is $3,239/mo, and annual cash flow is $5,760/yr on $128,619 cash. Return on cash invested measures 24.39% in year one, and rental yield stands at 10.02% at a $387,990 entry. Equity gained on principal adds $2,504/yr while 5% annual appreciation compounds into $107,194 by year five. Five-year ROI records 128.05% and total cumulative return in cash reaches $164,701. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,239/mo property income versus a $1,899/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78009, Castroville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,797 (100%) |
| Owner Occupied HU | 3,081 (81.1%) |
| Renter Occupied HU | 489 (12.9%) |
| Vacant Housing Units | 227 ( 6.0%) |
| Median Home Value | $350,619 |
| Average Home Value | $392,243 |
Housing Distribution
Address Breakdown
Residential
3,450
Single Family
3,450
Multi-Family
0
Businesses
405
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Coventry Homes
Mls Name: McGuyer Homebuilders, Inc.
Mls ID: #N/A