6394 32nd StGrovesTX77619
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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 6394 32nd St, Groves, TX, 77619 generates $1,957/mo in rent and, after a $828/mo payment, leaves $634/mo in cash flow. Total monthly income is $1,957/mo, and annual cash flow is $7,606/yr on $56,085 invested. Return on cash invested sits at 33.47% in year one, and rental yield is 13.88% on a $169,187 entry. Equity gained on principal adds $1,092/yr, while 5% annual appreciation builds toward $46,743 over five years. Five-year ROI reaches 177.7% and total cumulative return in cash sums $99,666. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,957/mo property income rather than buyer’s personal income.
Multi Family
Built in 1962
0.63 Acres 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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