10616 Discovery LnTexas CityTX77591
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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 Texas City at 10616 Discovery Ln, Texas City, TX, 77591 uses $112,418 cash to close to unlock $3,677/yr annual cash flow and $306/mo monthly cash flow. Total monthly income runs $2,764/mo, and a $1,660/mo payment keeps the spread at $306/mo. Purchase price stands at $339,120, and rental yield measures 9.78% with $2,764/mo rent. Return on cash invested shows 23.18% in year one, and 5% annual appreciation builds toward $93,693 over five years. Five-year ROI reaches 121.79% and total cumulative return in cash records $136,914. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,764/mo property income covering a $1,660/mo payment rather than investor’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
$550 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77591, Texas City, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,747 (100%) |
| Owner Occupied HU | 4,772 (54.6%) |
| Renter Occupied HU | 3,181 (36.4%) |
| Vacant Housing Units | 794 ( 9.1%) |
| Median Home Value | $284,863 |
| Average Home Value | $350,868 |
Housing Distribution
Address Breakdown
Residential
7,550
Single Family
5,010
Multi-Family
2,540
Businesses
361
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Listed by: Patrick McGrath • Meritage Homes Realty
Mls Name: HAR
Mls Provider:
Mls ID: #69747181
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