163 N Binnacle Ct #BWillisTX77318
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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 Willis at 163 N Binnacle Ct #B, Willis, TX, 77318 offers $2,040/mo rent that, after a $1,126/mo payment, leaves $194/mo cash flow. Total monthly income is $2,040/mo, and annual cash flow is $2,330/yr on $76,242 cash. Return on cash invested measures 22.97% in year one, and rental yield stands at 10.64% at a $229,990 entry. Equity gained on principal adds $1,484/yr while 5% annual appreciation compounds into $63,542 by year five. Five-year ROI records 121.69% and total cumulative return in cash reaches $92,776. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,040/mo property income versus a $1,126/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2005
2,657 sqft lot
$N/A/sqft
$210 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77318, Willis, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,287 (100%) |
| Owner Occupied HU | 7,710 (74.9%) |
| Renter Occupied HU | 1,462 (14.2%) |
| Vacant Housing Units | 1,115 (10.8%) |
| Median Home Value | $346,271 |
| Average Home Value | $433,090 |
Housing Distribution
Address Breakdown
Residential
9,572
Single Family
9,396
Multi-Family
176
Businesses
303
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Listed by: Sharon Hoyt • Real Broker, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #27410179
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