359 Avenue PSomervilleTX77879
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 Somerville at 359 Avenue P, Somerville, TX, 77879 priced at $239,000 pairs $3,264/mo rent with $1,564/mo cash flow after a $1,170/mo payment. Total monthly income equals $3,264/mo, and annual cash flow comes to $18,771/yr on $79,229 invested. Return on cash invested is 43.6% in year one, and rental yield stands at 16.39% on a $239,000 basis. Equity gained on principal adds $1,542/yr, and 5% annual appreciation accumulates to $66,031 by year five. Five-year ROI measures 231.14% and total cumulative return in cash reaches $183,132. For financing, Ziffy Mortgage’s DSCR program evaluates $3,264/mo property income against a $1,170/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77879, Somerville, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
2,310
Single Family
2,310
Multi-Family
0
Businesses
135
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Listed by: Ryan Derkowski • Berkshire Hathaway Home Services Caliber Realty
Mls Name: HAR
Mls Provider:
Mls ID: #9489037
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