5739 Rainbow Rd,Cove,TX,77523

Investment Highlights

Investment property for sale in Cove at 5739 Rainbow Rd, Cove, TX, 77523 offers a 11.11% rental yield on a $249,990 purchase with $2,314/mo rent. Total monthly income registers $2,314/mo, and a $1,224/mo payment leaves $536/mo available for distribution. Annual cash flow reaches $6,430/yr on $82,872 to close, and return on cash invested stands at 27.67% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,068 over five years. Portfolio math shows five-year ROI at 145.66% and total cumulative return in cash at $120,715. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,314/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.