322 Fox Run

Devine, TX 78016
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3 bd, 2 ba | 1,136 sqft | Built in 1963

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List Price
$175,000

Initial Investment

$47,688

Purchase Price

$175,000

Down Payment

25%

Rent

$1,370

Total Return

$48,923

Annualized Return

15.3%

Cap Rate

5.8%

Gross Yield

9.4%

Cash Flow

$62

Appreciation

5.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

11,108

HOA

None

Flood Risk

Not Required

Location, location, location! In the heart of Devine TX near the park, schools, and golf course, this perfect starter home is settled under several huge mature oak trees. The open concept living space features a functional layout and split bedroom design. The master bedroom features it's own bathroom and mini-split. The other two bedrooms and bathroom have been recently updated. The kitchen features a large pantry and a separate laundry room. Abundant natural light streams in creating a bright and inviting atmosphere. In the back yard, there's a privacy fence enclosing the space providing a sense of seclusion. A safe, secure dog run along the back of the yard ensures ample space for pets to play freely. Towering oak trees dot the landscape, casting cool shadows on the well maintained grass. A charming brick patio offers a cozy spot for outdoor gatherings. To top it off, there's a covered parking area providing shelter for vehicles and additional utility and two storage sheds. This adorable home offers lots of opportunity to add in your own personal touches and bring your ideas of the perfect house to life! Hurry and come see this one - it won't last long!!

See more in Analysis
Kevin Guerin
Guerin Property Services
TX Agent License #610683

Annual Financial Highlights

Expected Rent

$15,618

Expenses

-$2,842

Property Taxes

-$3,200

Loan Payments

-$9,514

Net Cash Flow

$62

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Nicole LaFond
TX SOLD, LLC
Certified Agent Brokerage:Kevin Guerin
Guerin Property Services
TX Brokerage License 9000203
SourceMLS #1761840
Last Updated: 03/27/2024 13:03
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