218 Flamingo DrSmith PointTX77514
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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 Smith Point at 218 Flamingo Dr, Smith Point, TX, 77514 with 5% annual appreciation on a $170,000 basis while $1,285/mo rent supports operations. Total monthly income totals $1,285/mo and a $832/mo payment preserves $39/mo for cash returns. Annual cash flow comes to $464/yr on $56,355 deployed, and return on cash invested reaches 20.73% in year one. Equity gained on principal adds $1,097/yr, and five-year appreciation sums $46,968 alongside rental yield of 9.07%. Five-year ROI measures 108.81% and total cumulative return in cash totals $61,317.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,285/mo property income versus a $832/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2006
0.44 Acres lot
$N/A/sqft
$450 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77514, Anahuac, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,398 (100%) |
| Owner Occupied HU | 1,734 (72.3%) |
| Renter Occupied HU | 348 (14.5%) |
| Vacant Housing Units | 316 (13.2%) |
| Median Home Value | $228,603 |
| Average Home Value | $260,859 |
Housing Distribution
Address Breakdown
Residential
1,278
Single Family
1,278
Multi-Family
0
Businesses
162
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Listed by: Mary Dunn • Mary Dunn Real Estate Inc
Mls Name: HAR
Mls Provider:
Mls ID: #37830603
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