1155 Lomax Harmel RdBurtonTX77835
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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 Burton at 1155 Lomax Harmel Rd, Burton, TX, 77835 priced at $875,000 pairs $3,152/mo rent with after a $4,283/mo payment. Total monthly income equals $3,152/mo. Return on cash invested is 7.26% in year one, and rental yield stands at 4.32% on a $875,000 basis. Equity gained on principal adds $5,646/yr, and 5% annual appreciation accumulates to $241,746 by year five. Five-year ROI measures 36.21% and total cumulative return in cash reaches $104,231. For financing, Ziffy Mortgage’s DSCR program evaluates $3,152/mo property income against a $4,283/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1986
11.93 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 77835, Burton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,629 (100%) |
| Owner Occupied HU | 936 (57.5%) |
| Renter Occupied HU | 165 (10.1%) |
| Vacant Housing Units | 528 (32.4%) |
| Median Home Value | $514,925 |
| Average Home Value | $598,670 |
Housing Distribution
Address Breakdown
Residential
1,050
Single Family
1,050
Multi-Family
0
Businesses
77
Price History
Date | Event | Price |
|---|---|---|
| 2023-11-15 | Price change | $875,000 |
| 2023-10-16 | Price change | $899,000 |
| 2023-09-27 | Listed for sale | $949,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-08-13 | $5.04 | -99.03% | $1,190 | -98.73% |
| 2021-08-13 | $520.96 | -42.86% | $93,950 | 2.54% |
| 2020-08-13 | $911.80 | -0.50% | $91,620 | -11.89% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1986
- Architectural Style: Ranch
- Building Area: 1,493
- Living Area: 1,493 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Electric
- Cooling: Electric
- Flooring: N/A
- Interior Features: Countertops(Butcher Block)
- Exterior Features: N/A
- Parking Features: Attached & Detached, Driveway Gate
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Septic Tank
- Water Source: N/A
- Road Surface Type: Asphalt
School Information
- Elementary School: Burton Elementary School (Burton)
- Middle School: Burton High School
- High School: Burton High School
Listed by: Caitlin Jacob • Round Top Real Estate
Mls Name: HAR
Mls Provider:
Mls ID: #3208188
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