62 Park CtClevelandTX77327
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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 62 Park Ct, Cleveland, TX, 77327 earns $321/mo cash flow from $1,174/mo rent with a $587/mo payment. Total monthly income totals $1,174/mo, and annual cash flow totals $3,852/yr on $39,780 capital. ROI tracks 29.59% on current figures, and rental yield reads 11.74% at a $120,000 purchase. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,154 over five years. Five-year ROI reaches 155.98% and total cumulative return in cash sums $62,047. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,174/mo property income instead of your personal income.
Single Family
Built in 2017
0.31 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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