106 Morgan StAlvinTX77511
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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 Alvin at 106 Morgan St, Alvin, TX, 77511 priced at $239,000 converts $1,641/mo rent into after a $1,170/mo obligation. Total monthly income equals $1,641/mo. Return on cash invested prints 19.02% in year one, and rental yield reads 8.24% against a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation compiles into $66,031 by year five. Five-year ROI reaches 99.31% and total cumulative return in cash sums $78,684. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,641/mo property income covering a $1,170/mo payment, not borrower’s personal income.
Single Family
Built in 2019
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77511, Alvin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,861 (100%) |
| Owner Occupied HU | 14,550 (66.6%) |
| Renter Occupied HU | 5,626 (25.7%) |
| Vacant Housing Units | 1,685 ( 7.7%) |
| Median Home Value | $269,812 |
| Average Home Value | $298,856 |
Housing Distribution
Address Breakdown
Residential
20,032
Single Family
17,392
Multi-Family
2,640
Businesses
1,090
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