2616 Elm Ave, Bay City, TX, 77414 | $112/mo Cash Flow

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2616 Elm Ave, Bay City, TX, 77414 | $112/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Bay City at 2616 Elm Ave, Bay City, TX, 77414 uses $41,106 cash to close to unlock $1,346/yr annual cash flow and $112/mo monthly cash flow. Total monthly income runs $994/mo, and a $607/mo payment keeps the spread at $112/mo. Purchase price stands at $124,000, and rental yield measures 9.62% with $994/mo rent. Return on cash invested shows 23.18% in year one, and 5% annual appreciation builds toward $34,259 over five years. Five-year ROI reaches 121.74% and total cumulative return in cash records $50,043. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $994/mo property income covering a $607/mo payment rather than investor’s personal income.

Single Family

Built in 1970

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 2616 Elm Ave, a well maintained 3 bedroom 1 bath cottage offering 1,298 sq. ft. of living space in a quiet, established neighborhood of Bay City. Built in 1970 this single story home sits on a 4,792 sq. ft. corner lot and provides a functional layout with a comfortable living area, updated kitchen and bathroom and a covered porch and patio for outdoor enjoyment. Can provide a recent appraisal done within the last 60 days valuing the house at $145,000+ This is a solid investment opportunity-current market rents range between 1,200 and 1,400 for the area and type of home. Currently occupied by a long term tenant but will be vacant upon completion of purchase. Open to negotiating concessions at closing.

Neighborhood Data

Neighborhood data shown for ZIP Code: 77414, Bay City, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,030 (100%)
Owner Occupied HU	6,164 (47.3%)
Renter Occupied HU	3,432 (26.3%)
Vacant Housing Units	3,434 (26.4%)
Median Home Value	$189,855
Average Home Value	$219,981