408 S 29th StNederlandTX77627
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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 Nederland at 408 S 29th St, Nederland, TX, 77627 generates $1,103/mo in rent and, after a $680/mo payment, leaves $115/mo in cash flow. Total monthly income is $1,103/mo, and annual cash flow is $1,379/yr on $46,079 invested. Return on cash invested sits at 22.9% in year one, and rental yield is 9.52% on a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 120.13% and total cumulative return in cash sums $55,352. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,103/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77627, Nederland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,025 (100%) |
| Owner Occupied HU | 6,434 (64.2%) |
| Renter Occupied HU | 2,603 (26.0%) |
| Vacant Housing Units | 988 ( 9.9%) |
| Median Home Value | $227,238 |
| Average Home Value | $249,100 |
Housing Distribution
Address Breakdown
Residential
10,125
Single Family
9,232
Multi-Family
893
Businesses
1,097
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Listed by: Kiki Coney • The Firm Realty -- 9014602
Mls Name: BBOR
Mls Provider:
Mls ID: #260235
Disclaimer: All information provided is deemed reliable but is not guaranteed. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.