246 Pinevale WaySour LakeTX77659
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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 Sour Lake at 246 Pinevale Way, Sour Lake, TX, 77659 offers a 13.25% rental yield on a $229,200 purchase with $2,531/mo rent. Total monthly income registers $2,531/mo, and a $1,122/mo payment leaves $896/mo available for distribution. Annual cash flow reaches $10,756/yr on $75,980 to close, and return on cash invested stands at 34.07% in year one. Equity gained on principal adds $1,479/yr while 5% annual appreciation supports $63,324 over five years. Portfolio math shows five-year ROI at 180.03% and total cumulative return in cash at $136,784. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,531/mo property income against a $1,122/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77659, Sour Lake, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,318 (100%) |
| Owner Occupied HU | 1,739 (75.0%) |
| Renter Occupied HU | 313 (13.5%) |
| Vacant Housing Units | 266 (11.5%) |
| Median Home Value | $247,750 |
| Average Home Value | $251,581 |
Housing Distribution
Address Breakdown
Residential
2,032
Single Family
1,996
Multi-Family
36
Businesses
134
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