344 8th StNormangeeTX77871
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
Investment property for sale in Normangee at 344 8th St, Normangee, TX, 77871 at $160,000 posts ROI 37.11% with $760/mo cash flow from $1,898/mo rent. Total monthly income equals $1,898/mo, and annual cash flow records $9,124/yr on $53,040 to close. Return on cash invested measures 37.11% and rental yield reads 14.24% at the current $160,000. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,205 by year five. Five-year ROI prints 196.34% and total cumulative return in cash totals $104,138.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,898/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 2006
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian Richardson • Green & Associates Real Estate
Mls Name: HAR
Mls Provider:
Mls ID: #73732482
Disclaimer: Copyright 2024, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers 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.