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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Somerville at 610 Woodvine Ln, Somerville, TX, 77879 priced at $279,000 pairs $2,154/mo rent with $137/mo cash flow after a $1,366/mo payment. Total monthly income equals $2,154/mo, and annual cash flow comes to $1,639/yr on $92,489 invested. Return on cash invested is 21.68% in year one, and rental yield stands at 9.26% on a $279,000 basis. Equity gained on principal adds $1,800/yr, and 5% annual appreciation accumulates to $77,083 by year five. Five-year ROI measures 113.72% and total cumulative return in cash reaches $105,175. For financing, Ziffy Mortgage’s DSCR program evaluates $2,154/mo property income against a $1,366/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1962
0.65 Acres lot
$N/A/sqft
$396 annually HOA
Neighborhood data shown for ZIP Code: 77879, Somerville, TX area.
| 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 |
Residential
2,310
Single Family
2,310
Multi-Family
0
Businesses
135
Date | Event | Price |
|---|---|---|
| 2024-08-08 | Listed for sale | $279,000 |
| 2022-12-17 | Listing removed | N/A |
| 2022-11-14 | Pending sale | $178,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-13 | N/A | N/A | $121,834 | 38.14% |
| 2022-08-13 | $1598.37 | 2.05% | $88,196 | 11.19% |
| 2021-08-13 | $1566.31 | N/A | $79,323 | N/A |
Listed by: Danielle Zequeira • Monarch Real Estate & Ranch
Mls Name: HAR
Mls Provider:
Mls ID: #60863782
Disclaimer: Copyright 2024, Houston REALTORS Information Service, Inc. The information provided is exclusively 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. Information is deemed reliable but not guaranteed.
