240 Lamesa DrBridge CityTX77611
Nearby investment properties with comparable rents
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
Investment property for sale in Bridge City at 240 Lamesa Dr, Bridge City, TX, 77611 with 5% annual appreciation on a $215,000 basis while $1,862/mo rent supports operations. Total monthly income totals $1,862/mo and a $1,052/mo payment preserves $302/mo for cash returns. Annual cash flow comes to $3,618/yr on $71,273 deployed, and return on cash invested reaches 24.99% in year one. Equity gained on principal adds $1,387/yr, and five-year appreciation sums $59,401 alongside rental yield of 10.39%. Five-year ROI measures 131.5% and total cumulative return in cash totals $93,721.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,862/mo property income versus a $1,052/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77611, Bridge City, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,165 (100%) |
| Owner Occupied HU | 2,778 (66.7%) |
| Renter Occupied HU | 1,049 (25.2%) |
| Vacant Housing Units | 338 ( 8.1%) |
| Median Home Value | $226,435 |
| Average Home Value | $259,459 |
Housing Distribution
Address Breakdown
Residential
3,943
Single Family
3,678
Multi-Family
265
Businesses
358
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Julianne Gillam • RE/MAX ONE - Orange County -- 9000010
Mls Name: BBOR
Mls Provider:
Mls ID: #260251
Disclaimer: All information provided is deemed reliable but is not guaranteed. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.