407 Tanner AveClevelandTX77327
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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 Cleveland at 407 Tanner Ave, Cleveland, TX, 77327 uses $53,007 cash to close to unlock $787/yr annual cash flow and $66/mo monthly cash flow. Total monthly income runs $1,203/mo, and a $783/mo payment keeps the spread at $66/mo. Purchase price stands at $159,900, and rental yield measures 9.03% with $1,203/mo rent. Return on cash invested shows 21.39% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 112.05% and total cumulative return in cash records $59,394. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,203/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77327, Cleveland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,928 (100%) |
| Owner Occupied HU | 11,362 (71.3%) |
| Renter Occupied HU | 2,751 (17.3%) |
| Vacant Housing Units | 1,815 (11.4%) |
| Median Home Value | $198,690 |
| Average Home Value | $213,135 |
Housing Distribution
Address Breakdown
Residential
17,794
Single Family
17,296
Multi-Family
498
Businesses
630
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