1461 Weeks AveHigh IslandTX77623
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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 High Island at 1461 Weeks Ave, High Island, TX, 77623 priced at $290,000 converts $2,149/mo rent into $87/mo cash flow after a $1,419/mo obligation. Total monthly income equals $2,149/mo, and annual cash flow totals $1,046/yr on $96,135 invested. Return on cash invested prints 21% in year one, and rental yield reads 8.89% against a $290,000 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,122 by year five. Five-year ROI reaches 109.92% and total cumulative return in cash sums $105,676. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,149/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in 2011
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77623, High Island, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 173 (100%) |
| Owner Occupied HU | 91 (52.6%) |
| Renter Occupied HU | 17 ( 9.8%) |
| Vacant Housing Units | 65 (37.6%) |
| Median Home Value | $95,000 |
| Average Home Value | $163,764 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
14
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Listed by: Colby Walters • Swedes Real Estate LLC
Mls Name: HAR
Mls Provider:
Mls ID: #19024223
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