302 N 3rd StNormangeeTX77871
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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 Normangee at 302 N 3rd St, Normangee, TX, 77871 priced at $115,000 converts $884/mo rent into $66/mo cash flow after a $563/mo obligation. Total monthly income equals $884/mo, and annual cash flow totals $793/yr on $38,123 invested. Return on cash invested prints 21.99% in year one, and rental yield reads 9.22% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 115.33% and total cumulative return in cash sums $43,965. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $884/mo property income covering a $563/mo payment, not borrower’s personal income.
Single Family
Built in 1947
7,013 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77871, Normangee, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,042 (100%) |
| Owner Occupied HU | 1,397 (68.4%) |
| Renter Occupied HU | 226 (11.1%) |
| Vacant Housing Units | 419 (20.5%) |
| Median Home Value | $262,165 |
| Average Home Value | $336,263 |
Housing Distribution
Address Breakdown
Residential
969
Single Family
969
Multi-Family
0
Businesses
95
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Listed by: Loren Corgey • Full Circle Texas
Mls Name: BCSMLS
Mls Provider:
Mls ID: #25000017
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.