1503 N Avenue OFreeportTX77541
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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 Freeport at 1503 N Avenue O, Freeport, TX, 77541 offers $1,158/mo rent that, after a $754/mo payment, leaves $63/mo cash flow. Total monthly income is $1,158/mo, and annual cash flow is $752/yr on $51,051 cash. Return on cash invested measures 21.38% in year one, and rental yield stands at 9.02% at a $154,000 entry. Equity gained on principal adds $994/yr while 5% annual appreciation compounds into $42,547 by year five. Five-year ROI records 111.99% and total cumulative return in cash reaches $57,170. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,158/mo property income versus a $754/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
9,626 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77541, Freeport, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,838 (100%) |
| Owner Occupied HU | 4,175 (47.2%) |
| Renter Occupied HU | 2,030 (23.0%) |
| Vacant Housing Units | 2,633 (29.8%) |
| Median Home Value | $191,538 |
| Average Home Value | $246,877 |
Housing Distribution
Address Breakdown
Residential
7,070
Single Family
6,159
Multi-Family
911
Businesses
485
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Listed by: Lucy Ware • Birdsong Real Estate
Mls Name: HAR
Mls Provider:
Mls ID: #45640085
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