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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 11061 Park Rd #57, Somerville, TX, 77879 listed at $995,000 pairs $2,402/mo rent with a $4,870/mo payment. Total monthly income runs $2,402/mo. Return on cash invested measures 2.93% in year one, and rental yield registers 2.9% at a $995,000 basis. Equity gained on principal adds $6,421/yr, and annual property appreciation at 5% supports $274,900 by year five. Five-year ROI tracks 12.97% and total cumulative return in cash totals $42,450. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,402/mo property income relative to a $4,870/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2020
62.07 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| 2024-07-30 | Price change | $995,000 |
| 2024-07-16 | Price change | $1,100,000 |
| 2024-03-14 | Pending sale | $1,295,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Melinda Scott • Home & Ranch Real Estate
Mls Name: HAR
Mls Provider:
Mls ID: #73391898
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