21 Edgewater St,Hitchcock,TX,77563

Investment Highlights

Rental property for sale in Hitchcock at 21 Edgewater St, Hitchcock, TX, 77563 priced at $384,880 converts $2,814/mo rent into $77/mo cash flow after a $1,884/mo obligation. Total monthly income equals $2,814/mo, and annual cash flow totals $922/yr on $127,588 invested. Return on cash invested prints 20.63% in year one, and rental yield reads 8.77% against a $384,880 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation compiles into $106,335 by year five. Five-year ROI reaches 107.91% and total cumulative return in cash sums $137,685. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,814/mo property income covering a $1,884/mo payment, not borrower’s personal income.