23 Forest DrCollege StationTX77840
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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 College Station at 23 Forest Dr, College Station, TX, 77840 priced at $759,000 converts $3,380/mo rent into after a $3,715/mo obligation. Total monthly income equals $3,380/mo. Return on cash invested prints 9.66% in year one, and rental yield reads 5.34% against a $759,000 entry. Equity gained on principal adds $4,898/yr, while 5% annual appreciation compiles into $209,698 by year five. Five-year ROI reaches 49.32% and total cumulative return in cash sums $123,155. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,380/mo property income covering a $3,715/mo payment, not borrower’s personal income.
Townhouse
Built in 1974
3,202 sqft lot
$N/A/sqft
$1,764 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77840, College Station, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,002 (100%) |
| Owner Occupied HU | 2,203 ( 8.2%) |
| Renter Occupied HU | 20,140 (74.6%) |
| Vacant Housing Units | 4,659 (17.3%) |
| Median Home Value | $310,088 |
| Average Home Value | $383,790 |
Housing Distribution
Address Breakdown
Residential
16,688
Single Family
8,386
Multi-Family
8,302
Businesses
1,194
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Listed by: Raylene Lewis • NextHome Realty Solutions BCS
Mls Name: HAR
Mls Provider:
Mls ID: #73540222
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