585 Fm 60 WSomervilleTX77879
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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 Somerville at 585 Fm 60 W, Somerville, TX, 77879 uses $59,339 cash to close to unlock $5,163/yr annual cash flow and $430/mo monthly cash flow. Total monthly income runs $1,703/mo, and a $876/mo payment keeps the spread at $430/mo. Purchase price stands at $179,000, and rental yield measures 11.42% with $1,703/mo rent. Return on cash invested shows 28.61% in year one, and 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 150.77% and total cumulative return in cash records $89,463. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,703/mo property income covering a $876/mo payment rather than investor’s personal income.
Manufactured
Built in 2017
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77879, Somerville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,528 (100%) |
| Owner Occupied HU | 2,029 (57.5%) |
| Renter Occupied HU | 428 (12.1%) |
| Vacant Housing Units | 1,071 (30.4%) |
| Median Home Value | $146,744 |
| Average Home Value | $243,677 |
Housing Distribution
Address Breakdown
Residential
2,310
Single Family
2,310
Multi-Family
0
Businesses
135
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Listed by: Kristen Orostieta • Oro Realty
Mls Name: HAR
Mls Provider:
Mls ID: #68319994
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