1016 Redfish St,Hitchcock,TX,77563

Investment Highlights

Investment property for sale in Hitchcock at 1016 Redfish St, Hitchcock, TX, 77563 uses $140,888 cash to close to unlock $35/yr annual cash flow and $3/mo monthly cash flow. Total monthly income runs $3,025/mo, and a $2,080/mo payment keeps the spread at $3/mo. Purchase price stands at $425,000, and rental yield measures 8.54% with $3,025/mo rent. Return on cash invested shows 19.93% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 104.17% and total cumulative return in cash records $146,765. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,025/mo property income covering a $2,080/mo payment rather than investor’s personal income.