2901 Taft AveGrovesTX77619
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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 Groves at 2901 Taft Ave, Groves, TX, 77619 uses $38,123 cash to close to unlock $757/yr annual cash flow and $63/mo monthly cash flow. Total monthly income runs $881/mo, and a $563/mo payment keeps the spread at $63/mo. Purchase price stands at $115,000, and rental yield measures 9.19% with $881/mo rent. Return on cash invested shows 21.89% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 114.85% and total cumulative return in cash records $43,785. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $881/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in N/A
6,625 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77619, Groves, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,962 (100%) |
| Owner Occupied HU | 4,562 (65.5%) |
| Renter Occupied HU | 1,768 (25.4%) |
| Vacant Housing Units | 632 ( 9.1%) |
| Median Home Value | $185,433 |
| Average Home Value | $209,054 |
Housing Distribution
Address Breakdown
Residential
6,794
Single Family
6,193
Multi-Family
601
Businesses
425
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Listed by: Julie Sanders • SETX Properties -- 9004218
Mls Name: BBOR
Mls Provider:
Mls ID: #258382
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.