590 Devin RdClevelandTX77328
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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 590 Devin Rd, Cleveland, TX, 77328 priced at $290,000 converts $1,858/mo rent into after a $1,419/mo obligation. Total monthly income equals $1,858/mo. Return on cash invested prints 17.36% in year one, and rental yield reads 7.69% against a $290,000 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,122 by year five. Five-year ROI reaches 90.44% and total cumulative return in cash sums $86,944. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,858/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Multi Family
Built in 2004
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77328, Cleveland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,134 (100%) |
| Owner Occupied HU | 5,423 (76.0%) |
| Renter Occupied HU | 976 (13.7%) |
| Vacant Housing Units | 735 (10.3%) |
| Median Home Value | $258,796 |
| Average Home Value | $360,393 |
Housing Distribution
Address Breakdown
Residential
6,637
Single Family
6,636
Multi-Family
1
Businesses
328
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Listed by: Vanessa Esma • Keller Williams Preferred
Mls Name: HAR
Mls Provider:
Mls ID: #63116834
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