242 16th StSan LeonTX77539
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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 San Leon at 242 16th St, San Leon, TX, 77539 offers a 8.87% rental yield on a $181,000 purchase with $1,338/mo rent. Total monthly income registers $1,338/mo, and a $886/mo payment leaves $51/mo available for distribution. Annual cash flow reaches $609/yr on $60,002 to close, and return on cash invested stands at 20.92% in year one. Equity gained on principal adds $1,168/yr while 5% annual appreciation supports $50,007 over five years. Portfolio math shows five-year ROI at 109.49% and total cumulative return in cash at $65,695. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,338/mo property income against a $886/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1960
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77539, Dickinson, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,032 (100%) |
| Owner Occupied HU | 14,241 (67.7%) |
| Renter Occupied HU | 4,862 (23.1%) |
| Vacant Housing Units | 1,929 ( 9.2%) |
| Median Home Value | $283,214 |
| Average Home Value | $329,256 |
Housing Distribution
Address Breakdown
Residential
18,365
Single Family
16,040
Multi-Family
2,325
Businesses
1,136
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Listed by: Charon Marshall • Gulf Coast, Realtors
Mls Name: HAR
Mls Provider:
Mls ID: #4227382
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