6320 Medley RdNew WaverlyTX77358
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
Rental property for sale in New Waverly at 6320 Medley Rd, New Waverly, TX, 77358 offers $1,781/mo rent that, after a $2,143/mo payment. Total monthly income is $1,781/mo. Return on cash invested measures 8.89% in year one, and rental yield stands at 4.88% at a $437,900 entry. Equity gained on principal adds $2,826/yr while 5% annual appreciation compounds into $120,984 by year five. Five-year ROI records 44.99% and total cumulative return in cash reaches $65,315. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,781/mo property income versus a $2,143/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2013
7.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77358, New Waverly, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,582 (100%) |
| Owner Occupied HU | 1,737 (67.3%) |
| Renter Occupied HU | 402 (15.6%) |
| Vacant Housing Units | 443 (17.2%) |
| Median Home Value | $249,672 |
| Average Home Value | $390,974 |
Housing Distribution
Address Breakdown
Residential
2,097
Single Family
2,047
Multi-Family
50
Businesses
230
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Listed by: Christopher Simionas • My Castle Realty
Mls Name: HAR
Mls Provider:
Mls ID: #54625206
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