503 Mildred StClevelandTX77328
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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 503 Mildred St, Cleveland, TX, 77328 earns $29/mo cash flow from $1,438/mo rent with a $970/mo payment. Total monthly income totals $1,438/mo, and annual cash flow totals $344/yr on $65,703 capital. ROI tracks 20.43% on current figures, and rental yield reads 8.71% at a $198,200 purchase. Equity gained on principal adds $1,279/yr, and 5% annual appreciation supports $54,759 over five years. Five-year ROI reaches 106.85% and total cumulative return in cash sums $70,207. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,438/mo property income instead of your personal income.
Single Family
Built in 1975
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77328, Cleveland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,134 (100%) |
| Owner Occupied HU | 5,423 (76.0%) |
| Renter Occupied HU | 976 (13.7%) |
| Vacant Housing Units | 735 (10.3%) |
| Median Home Value | $258,796 |
| Average Home Value | $360,393 |
Housing Distribution
Address Breakdown
Residential
6,637
Single Family
6,636
Multi-Family
1
Businesses
328
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