38 Penny LnPt O ConnorTX77982
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 Pt O Connor at 38 Penny Ln, Pt O Connor, TX, 77982 offers $2,962/mo rent that, after a $2,936/mo payment. Total monthly income is $2,962/mo. Return on cash invested measures 12.13% in year one, and rental yield stands at 5.92% at a $599,900 entry. Equity gained on principal adds $3,871/yr while 5% annual appreciation compounds into $165,741 by year five. Five-year ROI records 62.35% and total cumulative return in cash reaches $123,052. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,962/mo property income versus a $2,936/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
9,012 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77982, Port O Connor, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,266 (100%) |
| Owner Occupied HU | 429 (33.9%) |
| Renter Occupied HU | 47 ( 3.7%) |
| Vacant Housing Units | 790 (62.4%) |
| Median Home Value | $339,571 |
| Average Home Value | $349,522 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
86
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dallas Franklin • RE/MAX Land & Homes on the Bay
Mls Name: HAR
Mls ID: #71568353