229 Austin StHoliday LakesTX77515
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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
Rental property for sale in Holiday Lakes at 229 Austin St, Holiday Lakes, TX, 77515 priced at $200,000 converts $1,900/mo rent into $478/mo cash flow after a $979/mo obligation. Total monthly income equals $1,900/mo, and annual cash flow totals $5,732/yr on $66,300 invested. Return on cash invested prints 28.55% in year one, and rental yield reads 11.4% against a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation compiles into $55,256 by year five. Five-year ROI reaches 150.42% and total cumulative return in cash sums $99,728. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,900/mo property income covering a $979/mo payment, not borrower’s personal income.
Single Family
Built in 1979
8,102 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77515, Angleton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,883 (100%) |
| Owner Occupied HU | 9,301 (67.0%) |
| Renter Occupied HU | 3,197 (23.0%) |
| Vacant Housing Units | 1,385 ( 10.0%) |
| Median Home Value | $258,127 |
| Average Home Value | $284,750 |
Housing Distribution
Address Breakdown
Residential
12,820
Single Family
10,646
Multi-Family
2,174
Businesses
902
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Listed by: Emily Nelson • RE/MAX Coastal
Mls Name: HAR
Mls ID: #53528175