650 Patton RdSomersetTX78069
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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 Somerset at 650 Patton Rd, Somerset, TX, 78069 priced at $290,000 converts $1,279/mo rent into after a $1,419/mo obligation. Total monthly income equals $1,279/mo. Return on cash invested prints 10.14% in year one, and rental yield reads 5.29% against a $290,000 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,122 by year five. Five-year ROI reaches 51.69% and total cumulative return in cash sums $49,696. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,279/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in 1995
10.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78069, Somerset, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,293 (100%) |
| Owner Occupied HU | 1,639 (71.5%) |
| Renter Occupied HU | 435 (19.0%) |
| Vacant Housing Units | 219 ( 9.6%) |
| Median Home Value | $236,801 |
| Average Home Value | $263,127 |
Housing Distribution
Address Breakdown
Residential
1,702
Single Family
1,702
Multi-Family
0
Businesses
123
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