Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Somerville at 1638 W Oak Forest Dr, Somerville, TX, 77879 uses $39,780 cash to close to unlock $696/yr annual cash flow and $58/mo monthly cash flow. Total monthly income runs $911/mo, and a $587/mo payment keeps the spread at $58/mo. Purchase price stands at $120,000, and rental yield measures 9.11% with $911/mo rent. Return on cash invested shows 21.66% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 113.41% and total cumulative return in cash records $45,115. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $911/mo property income covering a $587/mo payment rather than investor’s personal income.
Manufactured
Built in 1989
1.98 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 77879, Somerville, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,528 (100%) |
| Owner Occupied HU | 2,029 (57.5%) |
| Renter Occupied HU | 428 (12.1%) |
| Vacant Housing Units | 1,071 (30.4%) |
| Median Home Value | $146,744 |
| Average Home Value | $243,677 |
Residential
2,310
Single Family
2,310
Multi-Family
0
Businesses
135
Date | Event | Price |
|---|---|---|
| 2024-11-05 | Price change | $120,000 |
| 2024-10-23 | Listed for sale | $130,000 |
| 2024-01-25 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Carrie Thomason • All City Real Estate, Ltd. Co.
Mls Name: HAR
Mls Provider:
Mls ID: #94654159
Disclaimer: Copyright 2024, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
