2624 Canal AveNederlandTX77627
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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
Rental property for sale in Nederland at 2624 Canal Ave, Nederland, TX, 77627 priced at $339,000 converts $2,924/mo rent into $514/mo cash flow after a $1,659/mo obligation. Total monthly income equals $2,924/mo, and annual cash flow totals $6,163/yr on $112,379 invested. Return on cash invested prints 25.39% in year one, and rental yield reads 10.35% against a $339,000 entry. Equity gained on principal adds $2,188/yr, while 5% annual appreciation compiles into $93,659 by year five. Five-year ROI reaches 133.46% and total cumulative return in cash sums $149,980. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,924/mo property income covering a $1,659/mo payment, not borrower’s personal income.
Single Family
Built in 1962
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77627, Nederland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,025 (100%) |
| Owner Occupied HU | 6,434 (64.2%) |
| Renter Occupied HU | 2,603 (26.0%) |
| Vacant Housing Units | 988 ( 9.9%) |
| Median Home Value | $227,238 |
| Average Home Value | $249,100 |
Housing Distribution
Address Breakdown
Residential
10,125
Single Family
9,232
Multi-Family
893
Businesses
1,097
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Listed by: Sherry Phillips • JLA Realty
Mls Name: HAR
Mls Provider:
Mls ID: #90678498
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