1602 W 11th StFreeportTX77541
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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 Freeport at 1602 W 11th St, Freeport, TX, 77541 uses $52,709 cash to close to unlock $8,275/yr annual cash flow and $690/mo monthly cash flow. Total monthly income runs $1,820/mo, and a $778/mo payment keeps the spread at $690/mo. Purchase price stands at $159,000, and rental yield measures 13.74% with $1,820/mo rent. Return on cash invested shows 35.61% in year one, and 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 188.28% and total cumulative return in cash records $99,240. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,820/mo property income covering a $778/mo payment rather than investor’s personal income.
Single Family
Built in 1955
7,801 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: April Aberle • RE/MAX Crossroads Realty
Mls Name: HAR
Mls Provider:
Mls ID: #91560774
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