6538 Washington St, Groves, TX, 77619 | 6.5% Rental Yield

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Groves at 6538 Washington St, Groves, TX, 77619 offers a 6.5% rental yield on a $299,000 purchase with $1,620/mo rent. 79% in year one. Equity gained on principal adds $1,929/yr while 5% annual appreciation supports $82,608 over five years. Portfolio math shows five-year ROI at 71.25% and total cumulative return in cash at $70,618. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,620/mo property income against a $1,463/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in N/A

7,840 sqft 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