6198 Washington BlvdGrovesTX77619
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Groves at 6198 Washington Blvd, Groves, TX, 77619 earns $978/mo cash flow from $1,973/mo rent with a $685/mo payment. Total monthly income totals $1,973/mo, and annual cash flow totals $11,732/yr on $46,410 capital. ROI tracks 45.19% on current figures, and rental yield reads 16.91% at a $140,000 purchase. Equity gained on principal adds $903/yr, and 5% annual appreciation supports $38,679 over five years. Five-year ROI reaches 239.66% and total cumulative return in cash sums $111,226. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,973/mo property income instead of your personal income.
Single Family
Built in 1962
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77619, Groves, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,962 (100%) |
| Owner Occupied HU | 4,562 (65.5%) |
| Renter Occupied HU | 1,768 (25.4%) |
| Vacant Housing Units | 632 ( 9.1%) |
| Median Home Value | $185,433 |
| Average Home Value | $209,054 |
Housing Distribution
Address Breakdown
Residential
6,794
Single Family
6,193
Multi-Family
601
Businesses
425
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tim Williams • Keller Williams of Southeast Texas
Mls Name: HAR
Mls Provider:
Mls ID: #12674085
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.