517 N Merchant StSour LakeTX77659
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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 Sour Lake at 517 N Merchant St, Sour Lake, TX, 77659 generates $1,199/mo in rent and, after a $773/mo payment, leaves $76/mo in cash flow. Total monthly income is $1,199/mo, and annual cash flow is $909/yr on $52,377 invested. Return on cash invested sits at 21.64% in year one, and rental yield is 9.11% on a $158,000 entry. Equity gained on principal adds $1,020/yr, while 5% annual appreciation builds toward $43,652 over five years. Five-year ROI reaches 113.36% and total cumulative return in cash sums $59,374. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,199/mo property income rather than buyer’s personal income.
Manufactured
Built in N/A
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77659, Sour Lake, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,318 (100%) |
| Owner Occupied HU | 1,739 (75.0%) |
| Renter Occupied HU | 313 (13.5%) |
| Vacant Housing Units | 266 (11.5%) |
| Median Home Value | $247,750 |
| Average Home Value | $251,581 |
Housing Distribution
Address Breakdown
Residential
2,032
Single Family
1,996
Multi-Family
36
Businesses
134
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Listed by: Darci Piel • Coldwell Banker Lumberton -- 422284
Mls Name: BBOR
Mls Provider:
Mls ID: #261514
Disclaimer: All information provided is deemed reliable but is not guaranteed. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.