515 Parkway #301College StationTX77840
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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 College Station at 515 Parkway #301, College Station, TX, 77840 listed at $210,000 pairs $1,621/mo rent with a $1,028/mo payment to leave $128/mo cash flow. Total monthly income runs $1,621/mo, and annual cash flow reaches $1,530/yr on $69,615 cash to close. Return on cash invested measures 22.11% in year one, and rental yield registers 9.26% at a $210,000 basis. Equity gained on principal adds $1,355/yr, and annual property appreciation at 5% supports $58,019 by year five. Five-year ROI tracks 115.86% and total cumulative return in cash totals $80,656. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,621/mo property income relative to a $1,028/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1999
3,624 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77840, College Station, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,002 (100%) |
| Owner Occupied HU | 2,203 ( 8.2%) |
| Renter Occupied HU | 20,140 (74.6%) |
| Vacant Housing Units | 4,659 (17.3%) |
| Median Home Value | $310,088 |
| Average Home Value | $383,790 |
Housing Distribution
Address Breakdown
Residential
16,688
Single Family
8,386
Multi-Family
8,302
Businesses
1,194
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Listed by: Michael Furman • Re/Max Platinum
Mls Name: HAR
Mls Provider:
Mls ID: #10773724
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