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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% |
Rental property for sale in Somerville at 298 Lantern St, Somerville, TX, 77879 priced at $140,000 converts $1,124/mo rent into $129/mo cash flow after a $685/mo obligation. Total monthly income equals $1,124/mo, and annual cash flow totals $1,544/yr on $46,410 invested. Return on cash invested prints 23.24% in year one, and rental yield reads 9.63% against a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,679 by year five. Five-year ROI reaches 121.91% and total cumulative return in cash sums $56,578. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,124/mo property income covering a $685/mo payment, not borrower’s personal income.
Manufactured
Built in 2018
9,016 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Rhonda Fry • NextHome Realty Solutions BCS
Mls Name: BCSMLS
Mls ID: #25008690
