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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% |
Investment property for sale in Damon at 20611 Oak Forest Rd, Damon, TX, 77430 offers a 6.85% rental yield on a $500,000 purchase with $2,856/mo rent. 71% in year one. Equity gained on principal adds $3,226/yr while 5% annual appreciation supports $138,141 over five years. Portfolio math shows five-year ROI at 76.24% and total cumulative return in cash at $126,368. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,856/mo property income against a $2,447/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1981
4.16 Acres lot
$N/A/sqft
$219 annually HOA
Neighborhood data shown for ZIP Code: 77430, Damon, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,030 (100%) |
| Owner Occupied HU | 704 (68.3%) |
| Renter Occupied HU | 107 (10.4%) |
| Vacant Housing Units | 219 (21.3%) |
| Median Home Value | $423,077 |
| Average Home Value | $443,864 |
Residential
729
Single Family
729
Multi-Family
0
Businesses
27
Date | Event | Price |
|---|---|---|
| 2024-12-06 | Listed for sale | $500,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $439,000 | 10.00% |
| 2023-12-27 | $1825.01 | -30.14% | $399,091 | 10.00% |
| 2022-12-27 | $2612.39 | -11.89% | $362,810 | 10.00% |
Listed by: Amy Stasney • RE/MAX Opportunities
Mls Name: HAR
Mls Provider:
Mls ID: #88572739
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