103 Spruce StLake JacksonTX77566
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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 Lake Jackson at 103 Spruce St, Lake Jackson, TX, 77566 uses $82,875 cash to close to unlock $6,610/yr annual cash flow and $551/mo monthly cash flow. Total monthly income runs $2,329/mo, and a $1,224/mo payment keeps the spread at $551/mo. Purchase price stands at $250,000, and rental yield measures 11.18% with $2,329/mo rent. Return on cash invested shows 27.88% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 146.84% and total cumulative return in cash records $121,690. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,329/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1972
9,448 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77566, Lake Jackson, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,766 (100%) |
| Owner Occupied HU | 8,215 (59.7%) |
| Renter Occupied HU | 4,069 (29.6%) |
| Vacant Housing Units | 1,482 (10.8%) |
| Median Home Value | $285,479 |
| Average Home Value | $315,858 |
Housing Distribution
Address Breakdown
Residential
13,046
Single Family
9,719
Multi-Family
3,327
Businesses
1,090
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Listed by: Chad Meadows • Redfin Corporation
Mls Name: HAR
Mls ID: #61218718