2920 Oleander LnGrovesTX77619
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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 Groves at 2920 Oleander Ln, Groves, TX, 77619 offers $1,111/mo rent that, after a $714/mo payment. Total monthly income is $1,111/mo. Return on cash invested measures 18.74% in year one, and rental yield stands at 9.14% at a $145,900 entry. Equity gained on principal adds $941/yr while 5% annual appreciation compounds into $40,309 by year five. Five-year ROI records 98.88% and total cumulative return in cash reaches $47,823. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,111/mo property income versus a $714/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
7,405 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: ROHN McMANUS • BAYOU STATE REAL ESTATE, LLC -- 9003431
Mls Name: BBOR
Mls Provider:
Mls ID: #251469
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.