605 Elgie StBeaumontTX77705
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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 Beaumont at 605 Elgie St, Beaumont, TX, 77705 priced at $145,000 pairs $2,280/mo rent with $1,249/mo cash flow after a $710/mo payment. Total monthly income equals $2,280/mo, and annual cash flow comes to $14,983/yr on $48,068 invested. Return on cash invested is 51.08% in year one, and rental yield stands at 18.87% on a $145,000 basis. Equity gained on principal adds $936/yr, and 5% annual appreciation accumulates to $40,061 by year five. Five-year ROI measures 271.24% and total cumulative return in cash reaches $130,376. For financing, Ziffy Mortgage’s DSCR program evaluates $2,280/mo property income against a $710/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77705, Beaumont, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,263 (100%) |
| Owner Occupied HU | 6,312 (51.5%) |
| Renter Occupied HU | 3,972 (32.4%) |
| Vacant Housing Units | 1,979 (16.1%) |
| Median Home Value | $183,929 |
| Average Home Value | $212,005 |
Housing Distribution
Address Breakdown
Residential
11,986
Single Family
10,175
Multi-Family
1,811
Businesses
915
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Listed by: Tracie Conyers • Keller Williams Elite
Mls Name: BBOR
Mls Provider:
Mls ID: #241681
Disclaimer: All information provided is deemed reliable but is not guaranteed. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.