238 Lakeside CtGoodrichTX77335
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Nearby investment properties with comparable prices
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 Goodrich at 238 Lakeside Ct, Goodrich, TX, 77335 priced at $230,000 converts $1,840/mo rent into $203/mo cash flow after a $1,126/mo obligation. Total monthly income equals $1,840/mo, and annual cash flow totals $2,436/yr on $76,245 invested. Return on cash invested prints 23.1% in year one, and rental yield reads 9.6% against a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,545 by year five. Five-year ROI reaches 121.17% and total cumulative return in cash sums $92,383. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,840/mo property income covering a $1,126/mo payment, not borrower’s personal income.
Single Family
Built in 1965
0.35 Acres lot
$N/A/sqft
$14 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77335, Goodrich, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,269 (100%) |
| Owner Occupied HU | 748 (58.9%) |
| Renter Occupied HU | 179 (14.1%) |
| Vacant Housing Units | 342 (27.0%) |
| Median Home Value | $168,750 |
| Average Home Value | $228,011 |
Housing Distribution
Address Breakdown
Residential
688
Single Family
687
Multi-Family
1
Businesses
50
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Listed by: Elissa Hughes • Redfin Corporation
Mls Name: HAR
Mls Provider:
Mls ID: #59190760
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