1408 N Main StHighlandsTX77562
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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 Highlands at 1408 N Main St, Highlands, TX, 77562 generates $3,005/mo in rent, after a $3,304/mo payment. Total monthly income is $3,005/mo. Return on cash invested sits at 10.36% in year one, and rental yield is 5.34% on a $675,000 entry. Equity gained on principal adds $4,356/yr, while 5% annual appreciation builds toward $186,490 over five years. Five-year ROI reaches 52.82% and total cumulative return in cash sums $117,291. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,005/mo property income rather than buyer’s personal income.
Single Family
Built in 1976
4.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77562, Highlands, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,559 (100%) |
| Owner Occupied HU | 3,712 (66.8%) |
| Renter Occupied HU | 1,465 (26.4%) |
| Vacant Housing Units | 382 ( 6.9%) |
| Median Home Value | $283,692 |
| Average Home Value | $324,989 |
Housing Distribution
Address Breakdown
Residential
3,960
Single Family
3,836
Multi-Family
124
Businesses
268
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Listed by: Mason Mcanally • The Sears Group
Mls Name: HAR
Mls Provider:
Mls ID: #87840090
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