6623 County Road 4DamonTX77430
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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
Investment property for sale in Damon at 6623 County Road 4, Damon, TX, 77430 uses $39,747 cash to close to unlock $735/yr annual cash flow and $61/mo monthly cash flow. Total monthly income runs $914/mo, and a $587/mo payment keeps the spread at $61/mo. Purchase price stands at $119,900, and rental yield measures 9.15% with $914/mo rent. Return on cash invested shows 21.76% in year one, and 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 114.06% and total cumulative return in cash records $45,336. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $914/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1962
2.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77430, Damon, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,030 (100%) |
| Owner Occupied HU | 704 (68.3%) |
| Renter Occupied HU | 107 (10.4%) |
| Vacant Housing Units | 219 (21.3%) |
| Median Home Value | $423,077 |
| Average Home Value | $443,864 |
Housing Distribution
Address Breakdown
Residential
729
Single Family
729
Multi-Family
0
Businesses
27
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