427 5th StSomervilleTX77879
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 427 5th St, Somerville, TX, 77879 priced at $269,787 pairs $2,476/mo rent with $558/mo cash flow after a $1,320/mo payment. Total monthly income equals $2,476/mo, and annual cash flow comes to $6,696/yr on $89,434 invested. Return on cash invested is 27.4% in year one, and rental yield stands at 11.01% on a $269,787 basis. Equity gained on principal adds $1,741/yr, and 5% annual appreciation accumulates to $74,537 by year five. Five-year ROI measures 144.18% and total cumulative return in cash reaches $128,946. For financing, Ziffy Mortgage’s DSCR program evaluates $2,476/mo property income against a $1,320/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1972
0.34 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Veronica Alarcon • LPT Realty, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #50790298
Disclaimer: Copyright 2024, Houston REALTORS Information Service, Inc. The information provided is exclusively 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. Information is deemed reliable but not guaranteed.