512 Park LnClevelandTX77327
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 512 Park Ln, Cleveland, TX, 77327 uses $62,985 cash to close to unlock $5,806/yr annual cash flow and $484/mo monthly cash flow. Total monthly income runs $1,835/mo, and a $930/mo payment keeps the spread at $484/mo. Purchase price stands at $189,999, and rental yield measures 11.59% with $1,835/mo rent. Return on cash invested shows 29.13% in year one, and 5% annual appreciation builds toward $52,493 over five years. Five-year ROI reaches 153.48% and total cumulative return in cash records $96,672. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,835/mo property income covering a $930/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77327, Cleveland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,928 (100%) |
| Owner Occupied HU | 11,362 (71.3%) |
| Renter Occupied HU | 2,751 (17.3%) |
| Vacant Housing Units | 1,815 (11.4%) |
| Median Home Value | $198,690 |
| Average Home Value | $213,135 |
Housing Distribution
Address Breakdown
Residential
17,794
Single Family
17,296
Multi-Family
498
Businesses
630
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices