350 W Smith StSour LakeTX77659
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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 Sour Lake at 350 W Smith St, Sour Lake, TX, 77659 with 5% annual appreciation on a $127,122 basis while $1,294/mo rent supports operations. Total monthly income totals $1,294/mo and a $622/mo payment preserves $390/mo for cash returns. Annual cash flow comes to $4,683/yr on $42,141 deployed, and return on cash invested reaches 31.02% in year one. Equity gained on principal adds $820/yr, and five-year appreciation sums $35,121 alongside rental yield of 12.22%. Five-year ROI measures 163.73% and total cumulative return in cash totals $68,999.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,294/mo property income versus a $622/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1968
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77659, Sour Lake, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,318 (100%) |
| Owner Occupied HU | 1,739 (75.0%) |
| Renter Occupied HU | 313 (13.5%) |
| Vacant Housing Units | 266 (11.5%) |
| Median Home Value | $247,750 |
| Average Home Value | $251,581 |
Housing Distribution
Address Breakdown
Residential
2,032
Single Family
1,996
Multi-Family
36
Businesses
134
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