6635 Griffing RdBeaumontTX77708
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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 Beaumont at 6635 Griffing Rd, Beaumont, TX, 77708 priced at $399,000 pairs $2,456/mo rent with after a $1,953/mo payment. Total monthly income equals $2,456/mo. Return on cash invested is 16.45% in year one, and rental yield stands at 7.39% on a $399,000 basis. Equity gained on principal adds $2,575/yr, and 5% annual appreciation accumulates to $110,236 by year five. Five-year ROI measures 85.5% and total cumulative return in cash reaches $113,090. For financing, Ziffy Mortgage’s DSCR program evaluates $2,456/mo property income against a $1,953/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1988
1.00 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77708, Beaumont, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,800 (100%) |
| Owner Occupied HU | 2,677 (46.2%) |
| Renter Occupied HU | 2,603 (44.9%) |
| Vacant Housing Units | 520 ( 9.0%) |
| Median Home Value | $189,684 |
| Average Home Value | $225,293 |
Housing Distribution
Address Breakdown
Residential
5,375
Single Family
4,098
Multi-Family
1,277
Businesses
378
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Listed by: Penne Mayer • Coldwell Banker Southern Homes
Mls Name: HAR
Mls Provider:
Mls ID: #69961162
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