1140 Marina Bay Dr APT 120BKemahTX77565
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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 Kemah at 1140 Marina Bay Dr APT 120B, Kemah, TX, 77565 generates $1,593/mo in rent, after a $1,101/mo payment. Total monthly income is $1,593/mo. Return on cash invested sits at 13.32% in year one, and rental yield is 8.5% on a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 71.08% and total cumulative return in cash sums $52,993. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,593/mo property income rather than buyer’s personal income.
Condo
Built in 1985
1,177 sqft lot
$N/A/sqft
$403 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77565, Kemah, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,959 (100%) |
| Owner Occupied HU | 2,585 (52.1%) |
| Renter Occupied HU | 1,769 (35.7%) |
| Vacant Housing Units | 605 (12.2%) |
| Median Home Value | $445,345 |
| Average Home Value | $564,393 |
Housing Distribution
Address Breakdown
Residential
3,887
Single Family
2,616
Multi-Family
1,271
Businesses
744
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Listed by: Joseph Murphy • Keller Williams Preferred
Mls Name: HAR
Mls Provider:
Mls ID: #61027670
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