304 N 2nd 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
Investment property for sale in Normangee at 304 N 2nd St, Normangee, TX, 77871 uses $98,787 cash to close to unlock $6,545/yr annual cash flow and $545/mo monthly cash flow. Total monthly income runs $2,665/mo, and a $1,459/mo payment keeps the spread at $545/mo. Purchase price stands at $298,000, and rental yield measures 10.73% with $2,665/mo rent. Return on cash invested shows 26.53% in year one, and 5% annual appreciation builds toward $82,332 over five years. Five-year ROI reaches 139.61% and total cumulative return in cash records $137,912. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,665/mo property income covering a $1,459/mo payment rather than investor’s personal income.
Single Family
Built in 2014
0.32 Acres 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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