190 Cherry CirSomervilleTX77879
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Somerville at 190 Cherry Cir, Somerville, TX, 77879 uses $49,394 cash to close to unlock $1,353/yr annual cash flow and $113/mo monthly cash flow. Total monthly income runs $1,172/mo, and a $729/mo payment keeps the spread at $113/mo. Purchase price stands at $149,000, and rental yield measures 9.44% with $1,172/mo rent. Return on cash invested shows 22.65% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 118.74% and total cumulative return in cash records $58,648. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,172/mo property income covering a $729/mo payment rather than investor’s personal income.
Single Family
Built in 2011
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77879, Somerville, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
2,310
Single Family
2,310
Multi-Family
0
Businesses
135
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ruby McCullough • McKenzie Banks Real Estate, LLC
Mls Name: HAR
Mls ID: #79286087