504 N Lake AveEagle LakeTX77434
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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 Eagle Lake at 504 N Lake Ave, Eagle Lake, TX, 77434 offers $1,822/mo rent that, after a $1,238/mo payment, leaves $23/mo cash flow. Total monthly income is $1,822/mo, and annual cash flow is $278/yr on $83,870 cash. Return on cash invested measures 20.24% in year one, and rental yield stands at 8.64% at a $253,000 entry. Equity gained on principal adds $1,633/yr while 5% annual appreciation compounds into $69,899 by year five. Five-year ROI records 105.88% and total cumulative return in cash reaches $88,804. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,822/mo property income versus a $1,238/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77434, Eagle Lake, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,884 (100%) |
| Owner Occupied HU | 1,235 (65.6%) |
| Renter Occupied HU | 421 (22.3%) |
| Vacant Housing Units | 228 (12.1%) |
| Median Home Value | $103,906 |
| Average Home Value | $165,146 |
Housing Distribution
Address Breakdown
Residential
1,724
Single Family
1,721
Multi-Family
3
Businesses
224
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Listed by: Penny Henske • Tri-County Realty, LLC - Double G Realty Group
Mls Name: HAR
Mls ID: #50984500