53 Laurel CtClevelandTX77327
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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 Cleveland at 53 Laurel Ct, Cleveland, TX, 77327 priced at $129,900 converts $1,016/mo rent into after a $636/mo obligation. Total monthly income equals $1,016/mo. Return on cash invested prints 19.69% in year one, and rental yield reads 9.39% against a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation compiles into $35,889 by year five. Five-year ROI reaches 103.99% and total cumulative return in cash sums $44,779. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,016/mo property income covering a $636/mo payment, not borrower’s personal income.
Manufactured
Built in 1997
4,999 sqft lot
$N/A/sqft
$1,200 annually 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
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Listed by: Candice Cucco • United Real Estate
Mls Name: HAR
Mls Provider:
Mls ID: #88741977
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