2400 Longmire Dr APT 504College StationTX77845
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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 College Station at 2400 Longmire Dr APT 504, College Station, TX, 77845 uses $61,328 cash to close to unlock $1,031/yr annual cash flow and $86/mo monthly cash flow. Total monthly income runs $1,401/mo, and a $905/mo payment keeps the spread at $86/mo. Purchase price stands at $185,000, and rental yield measures 9.09% with $1,401/mo rent. Return on cash invested shows 21.59% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 113.06% and total cumulative return in cash records $69,339. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,401/mo property income covering a $905/mo payment rather than investor’s personal income.
Condo
Built in 1981
6,603 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77845, College Station, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,030 (100%) |
| Owner Occupied HU | 17,803 (55.6%) |
| Renter Occupied HU | 11,643 (36.4%) |
| Vacant Housing Units | 2,584 ( 8.1%) |
| Median Home Value | $384,705 |
| Average Home Value | $443,358 |
Housing Distribution
Address Breakdown
Residential
30,727
Single Family
26,627
Multi-Family
4,100
Businesses
1,596
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Listed by: Farrah Spears • NextHome Realty Solutions BCS
Mls Name: BCSMLS
Mls ID: #25011452