216 Runaway Bay DrRunaway BayTX76426
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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 Runaway Bay at 216 Runaway Bay Dr, Runaway Bay, TX, 76426 offers a 13.27% rental yield on a $318,000 purchase with $3,516/mo rent. Total monthly income registers $3,516/mo, and a $1,556/mo payment leaves $1,255/mo available for distribution. Annual cash flow reaches $15,061/yr on $105,417 to close, and return on cash invested stands at 34.2% in year one. Equity gained on principal adds $2,052/yr while 5% annual appreciation supports $87,858 over five years. Portfolio math shows five-year ROI at 180.7% and total cumulative return in cash at $190,487. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,516/mo property income against a $1,556/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
8,363 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76426, Bridgeport, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,943 (100%) |
| Owner Occupied HU | 3,224 (65.2%) |
| Renter Occupied HU | 1,136 (23.0%) |
| Vacant Housing Units | 583 (11.8%) |
| Median Home Value | $265,706 |
| Average Home Value | $322,353 |
Housing Distribution
Address Breakdown
Residential
4,560
Single Family
4,297
Multi-Family
263
Businesses
584
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Listed by: Julie Wells • Real Broker, LLC
Mls Name: NTREIS
Mls ID: #20889657
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.