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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Somerville at 503 Giebel Ln, Somerville, TX, 77879 with 5% annual appreciation on a $275,000 basis while $2,750/mo rent supports operations. Total monthly income totals $2,750/mo and a $1,346/mo payment preserves $794/mo for cash returns. Annual cash flow comes to $9,533/yr on $91,163 deployed, and return on cash invested reaches 30.37% in year one. Equity gained on principal adds $1,775/yr, and five-year appreciation sums $75,977 alongside rental yield of 12%. Five-year ROI measures 160.16% and total cumulative return in cash totals $146,003.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,750/mo property income versus a $1,346/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1975
1.06 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 77879, Somerville, TX area.
| 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 |
Residential
2,310
Single Family
2,310
Multi-Family
0
Businesses
135
Date | Event | Price |
|---|---|---|
| 2024-06-04 | Listed for sale | $275,000 |
| 2024-05-18 | Contingent | $275,000 |
| 2024-03-06 | Pending sale | $275,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-13 | N/A | N/A | $133,326 | 22.83% |
| 2022-08-13 | N/A | N/A | $108,546 | 162.73% |
| 2021-08-13 | N/A | N/A | $41,315 | N/A |
Listed by: Kristi Fox-Satsky • Integra 21, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #83712168
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.
