306 Morrell StBaytownTX77520
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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 Baytown at 306 Morrell St, Baytown, TX, 77520 uses $65,637 cash to close to unlock $5,401/yr annual cash flow and $450/mo monthly cash flow. Total monthly income runs $1,858/mo, and a $969/mo payment keeps the spread at $450/mo. Purchase price stands at $198,000, and rental yield measures 11.26% with $1,858/mo rent. Return on cash invested shows 28.14% in year one, and 5% annual appreciation builds toward $54,704 over five years. Five-year ROI reaches 148.24% and total cumulative return in cash records $97,300. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,858/mo property income covering a $969/mo payment rather than investor’s personal income.
Single Family
Built in 1945
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77520, Baytown, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,239 (100%) |
| Owner Occupied HU | 7,282 (51.1%) |
| Renter Occupied HU | 5,550 (39.0%) |
| Vacant Housing Units | 1,407 ( 9.9%) |
| Median Home Value | $185,714 |
| Average Home Value | $251,401 |
Housing Distribution
Address Breakdown
Residential
14,072
Single Family
10,546
Multi-Family
3,526
Businesses
1,034
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Listed by: Princessa Nieto • NB Elite Realty
Mls Name: HAR
Mls Provider:
Mls ID: #96396950
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