63 Lakeway CirBrookelandTX75931
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 Brookeland at 63 Lakeway Cir, Brookeland, TX, 75931 uses $74,753 cash to close to unlock $6,326/yr annual cash flow and $527/mo monthly cash flow. Total monthly income runs $2,166/mo, and a $1,104/mo payment keeps the spread at $527/mo. Purchase price stands at $225,500, and rental yield measures 11.53% with $2,166/mo rent. Return on cash invested shows 28.37% in year one, and 5% annual appreciation builds toward $62,301 over five years. Five-year ROI reaches 149.69% and total cumulative return in cash records $111,898. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,166/mo property income covering a $1,104/mo payment rather than investor’s personal income.
Single Family
Built in 1997
0.26 Acres lot
$N/A/sqft
$420 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75931, Brookeland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,018 (100%) |
| Owner Occupied HU | 932 (46.2%) |
| Renter Occupied HU | 148 ( 7.3%) |
| Vacant Housing Units | 938 (46.5%) |
| Median Home Value | $265,132 |
| Average Home Value | $309,654 |
Housing Distribution
Address Breakdown
Residential
1,581
Single Family
1,581
Multi-Family
0
Businesses
75
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Donna Head • Rayburn Realty Inc.
Mls Name: HAR
Mls Provider:
Mls ID: #67443557
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.