6294 GarnerGrovesTX77619
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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 Groves at 6294 Garner, Groves, TX, 77619 generates $2,629/mo in rent and, after a $1,752/mo payment, leaves $83/mo in cash flow. Total monthly income is $2,629/mo, and annual cash flow is $1,001/yr on $118,677 invested. Return on cash invested sits at 20.75% in year one, and rental yield is 8.81% on a $358,000 entry. Equity gained on principal adds $2,310/yr, while 5% annual appreciation builds toward $98,909 over five years. Five-year ROI reaches 108.59% and total cumulative return in cash sums $128,874. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,629/mo property income rather than buyer’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: 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
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