2423 Crescent DrGrovesTX77619
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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 Groves at 2423 Crescent Dr, Groves, TX, 77619 uses $44,392 cash to close to unlock $9,758/yr annual cash flow and $813/mo monthly cash flow. Total monthly income runs $1,765/mo, and a $655/mo payment keeps the spread at $813/mo. Purchase price stands at $133,912, and rental yield measures 15.82% with $1,765/mo rent. Return on cash invested shows 41.89% in year one, and 5% annual appreciation builds toward $36,997 over five years. Five-year ROI reaches 222.03% and total cumulative return in cash records $98,563. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,765/mo property income covering a $655/mo payment rather than investor’s personal income.
Single Family
Built in 1962
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77619, Groves, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,962 (100%) |
| Owner Occupied HU | 4,562 (65.5%) |
| Renter Occupied HU | 1,768 (25.4%) |
| Vacant Housing Units | 632 ( 9.1%) |
| Median Home Value | $185,433 |
| Average Home Value | $209,054 |
Housing Distribution
Address Breakdown
Residential
6,794
Single Family
6,193
Multi-Family
601
Businesses
425
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