614 River Lakes RdGoodrichTX77335
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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 Goodrich at 614 River Lakes Rd, Goodrich, TX, 77335 generates $955/mo in rent and, after a $587/mo payment, leaves $102/mo in cash flow. Total monthly income is $955/mo, and annual cash flow is $1,224/yr on $39,780 invested. Return on cash invested sits at 22.99% in year one, and rental yield is 9.55% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 120.53% and total cumulative return in cash sums $47,947. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $955/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77335, Goodrich, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,269 (100%) |
| Owner Occupied HU | 748 (58.9%) |
| Renter Occupied HU | 179 (14.1%) |
| Vacant Housing Units | 342 (27.0%) |
| Median Home Value | $168,750 |
| Average Home Value | $228,011 |
Housing Distribution
Address Breakdown
Residential
688
Single Family
687
Multi-Family
1
Businesses
50
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