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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Somerville at 1901 Lakeview Dr, Somerville, TX, 77879 offers $1,669/mo rent that, after a $1,052/mo payment, leaves $140/mo cash flow. Total monthly income is $1,669/mo, and annual cash flow is $1,685/yr on $71,273 cash. Return on cash invested measures 22.27% in year one, and rental yield stands at 9.32% at a $215,000 entry. Equity gained on principal adds $1,387/yr while 5% annual appreciation compounds into $59,401 by year five. Five-year ROI records 116.75% and total cumulative return in cash reaches $83,209. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,669/mo property income versus a $1,052/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1987
1.47 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 |
|---|---|---|
| 2024-12-23 | Listed for sale | $215,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-27 | $73.18 | N/A | $40,847 | 10.00% |
| 2022-12-27 | N/A | N/A | $37,134 | 10.00% |
| 2021-12-27 | N/A | N/A | $33,758 | 10.00% |
Listed by: Jana French • CENTURY 21 Integra
Mls Name: BCSMLS
Mls Provider:
Mls ID: #24017796
Disclaimer: IDX information is provided exclusively for 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.
