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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 Somerset at 299 Mahan Rd, Somerset, TX, 78069 with 5% annual appreciation on a $314,900 basis while $2,842/mo rent supports operations. Total monthly income totals $2,842/mo and a $1,541/mo payment preserves $603/mo for cash returns. Annual cash flow comes to $7,236/yr on $104,389 deployed, and return on cash invested reaches 26.84% in year one. Equity gained on principal adds $2,032/yr, and five-year appreciation sums $87,001 alongside rental yield of 10.83%. Five-year ROI measures 141.2% and total cumulative return in cash totals $147,394.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,842/mo property income versus a $1,541/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2023
1.06 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78069, Somerset, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,293 (100%) |
| Owner Occupied HU | 1,639 (71.5%) |
| Renter Occupied HU | 435 (19.0%) |
| Vacant Housing Units | 219 ( 9.6%) |
| Median Home Value | $236,801 |
| Average Home Value | $263,127 |
Residential
1,702
Single Family
1,702
Multi-Family
0
Businesses
123
Date | Event | Price |
|---|---|---|
| 2024-08-06 | Listed for sale | $314,900 |
| 2024-08-05 | Listing removed | N/A |
| 2024-07-18 | Listed for sale | $312,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Robert Madeja • WSI Realty
Mls Name: SABOR
Mls Provider:
Mls ID: #1799107
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
