2778 Elmira RdOrangeTX77632
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Orange at 2778 Elmira Rd, Orange, TX, 77632 priced at $195,000 converts $1,552/mo rent into $166/mo cash flow after a $954/mo obligation. Total monthly income equals $1,552/mo, and annual cash flow totals $1,989/yr on $64,643 invested. Return on cash invested prints 22.99% in year one, and rental yield reads 9.55% against a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation compiles into $53,875 by year five. Five-year ROI reaches 120.57% and total cumulative return in cash sums $77,938. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,552/mo property income covering a $954/mo payment, not borrower’s personal income.
Manufactured
Built in N/A
2.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77632, Orange, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,049 (100%) |
| Owner Occupied HU | 7,415 (73.8%) |
| Renter Occupied HU | 1,493 (14.9%) |
| Vacant Housing Units | 1,141 (11.4%) |
| Median Home Value | $230,615 |
| Average Home Value | $257,930 |
Housing Distribution
Address Breakdown
Residential
9,275
Single Family
8,745
Multi-Family
530
Businesses
293
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Emily Ross • RE/MAX ONE - Orange County
Mls Name: BBOR
Mls Provider:
Mls ID: #256609
Disclaimer: All information provided is deemed reliable but is not guaranteed. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.