1507 N 24th StNederlandTX77627
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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 Nederland at 1507 N 24th St, Nederland, TX, 77627 uses $109,064 cash to close to unlock $11,613/yr annual cash flow and $968/mo monthly cash flow. Total monthly income runs $3,307/mo, and a $1,610/mo payment keeps the spread at $968/mo. Purchase price stands at $329,000, and rental yield measures 12.06% with $3,307/mo rent. Return on cash invested shows 30.56% in year one, and 5% annual appreciation builds toward $90,897 over five years. Five-year ROI reaches 161.17% and total cumulative return in cash records $175,773. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,307/mo property income covering a $1,610/mo payment rather than investor’s personal income.
Single Family
Built in 1998
10,641 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77627, Nederland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,025 (100%) |
| Owner Occupied HU | 6,434 (64.2%) |
| Renter Occupied HU | 2,603 (26.0%) |
| Vacant Housing Units | 988 ( 9.9%) |
| Median Home Value | $227,238 |
| Average Home Value | $249,100 |
Housing Distribution
Address Breakdown
Residential
10,125
Single Family
9,232
Multi-Family
893
Businesses
1,097
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Listed by: Ozzie Ramirez • AEA Realty, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #27274388
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