623 Bernard StDamonTX77430
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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 Damon at 623 Bernard St, Damon, TX, 77430 uses $77,903 cash to close to unlock $4,405/yr annual cash flow and $367/mo monthly cash flow. Total monthly income runs $2,038/mo, and a $1,150/mo payment keeps the spread at $367/mo. Purchase price stands at $235,000, and rental yield measures 10.41% with $2,038/mo rent. Return on cash invested shows 25.56% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 134.44% and total cumulative return in cash records $104,728. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,038/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77430, Damon, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,030 (100%) |
| Owner Occupied HU | 704 (68.3%) |
| Renter Occupied HU | 107 (10.4%) |
| Vacant Housing Units | 219 (21.3%) |
| Median Home Value | $423,077 |
| Average Home Value | $443,864 |
Housing Distribution
Address Breakdown
Residential
729
Single Family
729
Multi-Family
0
Businesses
27
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