304 Spencer Lndg ELa PorteTX77571
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 La Porte at 304 Spencer Lndg E, La Porte, TX, 77571 offers $2,837/mo rent that, after a $1,555/mo payment, leaves $550/mo cash flow. Total monthly income is $2,837/mo, and annual cash flow is $6,595/yr on $105,351 cash. Return on cash invested measures 26.17% in year one, and rental yield stands at 10.71% at a $317,800 entry. Equity gained on principal adds $2,051/yr while 5% annual appreciation compounds into $87,802 by year five. Five-year ROI records 137.74% and total cumulative return in cash reaches $145,112. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,837/mo property income versus a $1,555/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
6,128 sqft lot
$N/A/sqft
$28 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77571, La Porte, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,032 (100%) |
| Owner Occupied HU | 10,813 (67.4%) |
| Renter Occupied HU | 4,126 (25.7%) |
| Vacant Housing Units | 1,093 ( 6.8%) |
| Median Home Value | $266,608 |
| Average Home Value | $313,695 |
Housing Distribution
Address Breakdown
Residential
15,236
Single Family
12,840
Multi-Family
2,396
Businesses
1,081
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices