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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Somerville at 269 Harvest Lake Dr, Somerville, TX, 77879 offers a 11.17% rental yield on a $315,700 purchase with $2,939/mo rent. Total monthly income registers $2,939/mo, and a $1,545/mo payment leaves $629/mo available for distribution. Annual cash flow reaches $7,550/yr on $104,655 to close, and return on cash invested stands at 27.12% in year one. Equity gained on principal adds $2,037/yr while 5% annual appreciation supports $87,222 over five years. Portfolio math shows five-year ROI at 143.05% and total cumulative return in cash at $149,709. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,939/mo property income against a $1,545/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
N/A lot
$N/A/sqft
$65 monthly HOA
Neighborhood data shown for ZIP Code: 77879, Somerville, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,528 (100%) |
| Owner Occupied HU | 2,029 (57.5%) |
| Renter Occupied HU | 428 (12.1%) |
| Vacant Housing Units | 1,071 (30.4%) |
| Median Home Value | $146,744 |
| Average Home Value | $243,677 |
Residential
2,310
Single Family
2,310
Multi-Family
0
Businesses
135
Date | Event | Price |
|---|---|---|
| 2024-04-13 | Price change | $315,700 |
| 2024-04-10 | Listed for sale | $319,700 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: N/A • Stylecraft Builders
Mls Name: Stylecraft Homes
Mls Provider:
Mls ID: #N/A
