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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Somerville at 309 Ripple Creek Ln, Somerville, TX, 77879 offers a 8.22% rental yield on a $280,000 purchase with $1,917/mo rent. 85% in year one. Equity gained on principal adds $1,807/yr while 5% annual appreciation supports $77,359 over five years. Portfolio math shows five-year ROI at 98.46% and total cumulative return in cash at $91,389. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,917/mo property income against a $1,370/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
0.85 Acres lot
$N/A/sqft
$100 annually HOA
Neighborhood data shown for ZIP Code: 77879, Somerville, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,528 (100%) |
| Owner Occupied HU | 2,029 (57.5%) |
| Renter Occupied HU | 428 (12.1%) |
| Vacant Housing Units | 1,071 (30.4%) |
| Median Home Value | $146,744 |
| Average Home Value | $243,677 |
Residential
2,310
Single Family
2,310
Multi-Family
0
Businesses
135
Date | Event | Price |
|---|---|---|
| 2025-03-31 | Listed for sale | $280,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-01 | $2677.43 | 116.81% | $225,430 | 55.47% |
| 2022-04-01 | $1234.92 | -1.32% | $145,001 | 4.10% |
| 2021-04-01 | $1251.48 | N/A | $139,296 | 1.62% |
Listed by: Haley Glasco-Ogle • Legend Texas Properties
Mls Name: HAR
Mls Provider:
Mls ID: #35349652
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