3005 Somerset AveTexas CityTX77590
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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 Texas City at 3005 Somerset Ave, Texas City, TX, 77590 uses $56,355 cash to close to unlock $1,778/yr annual cash flow and $148/mo monthly cash flow. Total monthly income runs $1,357/mo, and a $832/mo payment keeps the spread at $148/mo. Purchase price stands at $170,000, and rental yield measures 9.58% with $1,357/mo rent. Return on cash invested shows 23.06% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 121.05% and total cumulative return in cash records $68,217. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,357/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1977
6,298 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77590, Texas City, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,040 (100%) |
| Owner Occupied HU | 6,797 (52.1%) |
| Renter Occupied HU | 5,265 (40.4%) |
| Vacant Housing Units | 978 ( 7.5%) |
| Median Home Value | $181,551 |
| Average Home Value | $254,427 |
Housing Distribution
Address Breakdown
Residential
12,203
Single Family
9,405
Multi-Family
2,798
Businesses
775
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Listed by: Rhoni Kirchner • Keller Williams Realty Livingston
Mls Name: HAR
Mls ID: #68411564