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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% |
Rental property for sale in Eagle Lake at 505 N Walnut Ave, Eagle Lake, TX, 77434 priced at $189,900 converts $1,438/mo rent into $88/mo cash flow after a $929/mo obligation. Total monthly income equals $1,438/mo, and annual cash flow totals $1,057/yr on $62,952 invested. Return on cash invested prints 21.59% in year one, and rental yield reads 9.09% against a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation compiles into $52,466 by year five. Five-year ROI reaches 113.1% and total cumulative return in cash sums $71,201. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,438/mo property income covering a $929/mo payment, not borrower’s personal income.
Single Family
Built in 1945
522.72 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 77434, Eagle Lake, TX area.
| 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 |
Residential
1,724
Single Family
1,721
Multi-Family
3
Businesses
224
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Karen Davis • Karen Davis Properties
Mls Name: HAR
Mls ID: #18517639
