109 Morris Rd WSour LakeTX77659
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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 Sour Lake at 109 Morris Rd W, Sour Lake, TX, 77659 priced at $665,000 pairs $4,007/mo rent with after a $3,255/mo payment. Total monthly income equals $4,007/mo. Return on cash invested is 16.1% in year one, and rental yield stands at 7.23% on a $665,000 basis. Equity gained on principal adds $4,291/yr, and 5% annual appreciation accumulates to $183,727 by year five. Five-year ROI measures 83.59% and total cumulative return in cash reaches $182,887. For financing, Ziffy Mortgage’s DSCR program evaluates $4,007/mo property income against a $3,255/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1992
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77659, Sour Lake, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,318 (100%) |
| Owner Occupied HU | 1,739 (75.0%) |
| Renter Occupied HU | 313 (13.5%) |
| Vacant Housing Units | 266 (11.5%) |
| Median Home Value | $247,750 |
| Average Home Value | $251,581 |
Housing Distribution
Address Breakdown
Residential
2,032
Single Family
1,996
Multi-Family
36
Businesses
134
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Listed by: Kerri Reynolds • RE/MAX ONE
Mls Name: HAR
Mls Provider:
Mls ID: #21092898
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