217 Cedar DrHitchcockTX77563
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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 Hitchcock at 217 Cedar Dr, Hitchcock, TX, 77563 uses $61,328 cash to close to unlock $940/yr annual cash flow and $78/mo monthly cash flow. Total monthly income runs $1,415/mo, and a $905/mo payment keeps the spread at $78/mo. Purchase price stands at $185,000, and rental yield measures 9.18% with $1,415/mo rent. Return on cash invested shows 21.44% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 112.5% and total cumulative return in cash records $68,991. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,415/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1964
7,383 sqft lot
$N/A/sqft
No HOA
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Listed by: Derek Smith • Deal Smith Realty LLC
Mls Name: HAR
Mls Provider:
Mls ID: #61287271
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