608 Walker AveClevelandTX77327
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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 Cleveland at 608 Walker Ave, Cleveland, TX, 77327 with 5% annual appreciation on a $245,000 basis while $2,185/mo rent supports operations. Total monthly income totals $2,185/mo and a $1,199/mo payment preserves $443/mo for cash returns. Annual cash flow comes to $5,315/yr on $81,218 deployed, and return on cash invested reaches 26.45% in year one. Equity gained on principal adds $1,581/yr, and five-year appreciation sums $67,689 alongside rental yield of 10.7%. Five-year ROI measures 139.14% and total cumulative return in cash totals $113,004.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,185/mo property income versus a $1,199/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1977
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77327, Cleveland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,928 (100%) |
| Owner Occupied HU | 11,362 (71.3%) |
| Renter Occupied HU | 2,751 (17.3%) |
| Vacant Housing Units | 1,815 (11.4%) |
| Median Home Value | $198,690 |
| Average Home Value | $213,135 |
Housing Distribution
Address Breakdown
Residential
17,794
Single Family
17,296
Multi-Family
498
Businesses
630
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Listed by: Shary Luthe • Home Sweet Home Realty, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #5863363
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