3848 Taft AveGrovesTX77619
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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
Rental property for sale in Groves at 3848 Taft Ave, Groves, TX, 77619 priced at $160,000 converts $1,811/mo rent into $673/mo cash flow after a $783/mo obligation. Total monthly income equals $1,811/mo, and annual cash flow totals $8,080/yr on $53,040 invested. Return on cash invested prints 35.14% in year one, and rental yield reads 13.58% against a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,205 by year five. Five-year ROI reaches 185.79% and total cumulative return in cash sums $98,546. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,811/mo property income covering a $783/mo payment, not borrower’s personal income.
Single Family
Built in 1978
10,145 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77619, Groves, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,962 (100%) |
| Owner Occupied HU | 4,562 (65.5%) |
| Renter Occupied HU | 1,768 (25.4%) |
| Vacant Housing Units | 632 ( 9.1%) |
| Median Home Value | $185,433 |
| Average Home Value | $209,054 |
Housing Distribution
Address Breakdown
Residential
6,794
Single Family
6,193
Multi-Family
601
Businesses
425
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Listed by: Ashley Washburn • JLA Realty
Mls Name: HAR
Mls Provider:
Mls ID: #29413542
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