1502 Merry Oaks DrCollege StationTX77840
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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
Investment property for sale in College Station at 1502 Merry Oaks Dr, College Station, TX, 77840 uses $92,805 cash to close to unlock $6,851/yr annual cash flow and $571/mo monthly cash flow. Total monthly income runs $2,624/mo, and a $1,370/mo payment keeps the spread at $571/mo. Purchase price stands at $279,954, and rental yield measures 11.25% with $2,624/mo rent. Return on cash invested shows 27.29% in year one, and 5% annual appreciation builds toward $77,346 over five years. Five-year ROI reaches 143.92% and total cumulative return in cash records $133,566. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,624/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1975
31 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77840, College Station, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,002 (100%) |
| Owner Occupied HU | 2,203 ( 8.2%) |
| Renter Occupied HU | 20,140 (74.6%) |
| Vacant Housing Units | 4,659 (17.3%) |
| Median Home Value | $310,088 |
| Average Home Value | $383,790 |
Housing Distribution
Address Breakdown
Residential
16,688
Single Family
8,386
Multi-Family
8,302
Businesses
1,194
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