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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 300 Spring Oak Ln, Somerville, TX, 77879 generates $3,073/mo in rent and, after a $1,126/mo payment, leaves $1,421/mo in cash flow. Total monthly income is $3,073/mo, and annual cash flow is $17,048/yr on $76,245 invested. Return on cash invested sits at 42.27% in year one, and rental yield is 16.03% on a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 224.07% and total cumulative return in cash sums $170,839. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,073/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
0.42 Acres lot
$N/A/sqft
$198 annually 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 |
|---|---|---|
| 2024-07-19 | Price change | $230,000 |
| 2024-06-11 | Price change | $240,000 |
| 2024-05-25 | Listed for sale | $260,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-13 | N/A | N/A | $9,295 | 14.40% |
| 2022-08-13 | N/A | N/A | $8,125 | 37.36% |
| 2021-08-13 | N/A | N/A | $5,915 | N/A |
Listed by: Maureen Ramirez • Polansky Realty
Mls Name: BCSMLS
Mls Provider:
Mls ID: #24009991
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.
