474 Harvest Lake DrSomervilleTX77879
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 474 Harvest Lake Dr, Somerville, TX, 77879 priced at $309,700 converts $2,604/mo rent into $337/mo cash flow after a $1,516/mo obligation. Total monthly income equals $2,604/mo, and annual cash flow totals $4,038/yr on $102,666 invested. Return on cash invested prints 23.84% in year one, and rental yield reads 10.09% against a $309,700 entry. Equity gained on principal adds $1,998/yr, while 5% annual appreciation compiles into $85,564 by year five. Five-year ROI reaches 125.43% and total cumulative return in cash sums $128,769. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,604/mo property income covering a $1,516/mo payment, not borrower’s personal income.
Single Family
Built in 2024
8,123 sqft lot
$N/A/sqft
$65 monthly 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
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Listed by: Chad Whisenant • RE/MAX Bryan-College Station
Mls Name: BCSMLS
Mls Provider:
Mls ID: #24011184
Disclaimer: IDX information is provided exclusively for 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.