122 Luther Dean LnNew WaverlyTX77358
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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 New Waverly at 122 Luther Dean Ln, New Waverly, TX, 77358 priced at $498,844 pairs $3,390/mo rent with after a $2,442/mo payment. Total monthly income equals $3,390/mo. Return on cash invested is 18.55% in year one, and rental yield stands at 8.15% on a $498,844 basis. Equity gained on principal adds $3,219/yr, and 5% annual appreciation accumulates to $137,821 by year five. Five-year ROI measures 96.88% and total cumulative return in cash reaches $160,205. For financing, Ziffy Mortgage’s DSCR program evaluates $3,390/mo property income against a $2,442/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
1.01 Acres lot
$N/A/sqft
$350 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77358, New Waverly, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,582 (100%) |
| Owner Occupied HU | 1,737 (67.3%) |
| Renter Occupied HU | 402 (15.6%) |
| Vacant Housing Units | 443 (17.2%) |
| Median Home Value | $249,672 |
| Average Home Value | $390,974 |
Housing Distribution
Address Breakdown
Residential
2,097
Single Family
2,047
Multi-Family
50
Businesses
230
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Listed by: Teri Walter • K. Hovnanian Homes
Mls Name: HAR
Mls Provider:
Mls ID: #12512677
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