5523 Rainbow Rd,Cove,TX,77523

Investment Highlights

Investment property for sale in Cove at 5523 Rainbow Rd, Cove, TX, 77523 offers a 10.84% rental yield on a $244,900 purchase with $2,212/mo rent. Total monthly income registers $2,212/mo, and a $1,199/mo payment leaves $470/mo available for distribution. Annual cash flow reaches $5,642/yr on $81,184 to close, and return on cash invested stands at 26.86% in year one. Equity gained on principal adds $1,580/yr while 5% annual appreciation supports $67,661 over five years. Portfolio math shows five-year ROI at 141.36% and total cumulative return in cash at $114,761. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,212/mo property income against a $1,199/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.