504 N Lake Ave, Eagle Lake, TX, 77434 | $23/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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504 N Lake Ave, Eagle Lake, TX, 77434 | $23/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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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

More details about the property

Built in 1930 but completely remodeled in 2025, and sat abandoned for many years. All the old plumbing and electrical systems were removed, and new ones were put in. All new siding and composition roof, energy-efficient windows, new front and rear doors were added; a new deck was added to the back of the home, and a new front porch was added as well. When you walk in, you are standing in the living room. The hallway leads to 3 bedrooms and 2 baths, as well as the utility room. There are both gas and dryer hook-ups. The kitchen has quartz counters throughout with a center island. To make this home even more desirable, you will have a new refrigerator, a new gas stove with oven, and a garbage disposal, and just to the front of all of this is your dining room. The electrical is all new. The HVAC system is all new, new ceiling fans and vanity lights throughout.

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