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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Somerville at 1105 Silver Ore Rd, Somerville, TX, 77879 offers a 11.67% rental yield on a $149,900 purchase with $1,458/mo rent. Total monthly income registers $1,458/mo, and a $734/mo payment leaves $380/mo available for distribution. Annual cash flow reaches $4,564/yr on $49,692 to close, and return on cash invested stands at 29.09% in year one. Equity gained on principal adds $967/yr while 5% annual appreciation supports $41,415 over five years. Portfolio math shows five-year ROI at 153.49% and total cumulative return in cash at $76,271. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,458/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1979
0.58 Acres lot
$N/A/sqft
$137 annually HOA
Neighborhood data shown for ZIP Code: 77879, Somerville, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,528 (100%) |
| Owner Occupied HU | 2,029 (57.5%) |
| Renter Occupied HU | 428 (12.1%) |
| Vacant Housing Units | 1,071 (30.4%) |
| Median Home Value | $146,744 |
| Average Home Value | $243,677 |
Residential
2,310
Single Family
2,310
Multi-Family
0
Businesses
135
Date | Event | Price |
|---|---|---|
| 2024-05-30 | Listed for sale | $149,900 |
| 2018-04-17 | Sold | N/A |
| 2017-09-12 | Listed for sale | $85,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $1063.14 | -2.85% | $76,888 | 13.96% |
| 2022-10-15 | $1094.37 | 34.23% | $67,468 | 47.66% |
| 2021-10-15 | $815.27 | N/A | $45,690 | 1.69% |
Listed by: Jessica Armstrong • Armstrong Properties
Mls Name: HAR
Mls Provider:
Mls ID: #51918938
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