6649 2nd StSaratogaTX77585
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Saratoga at 6649 2nd St, Saratoga, TX, 77585 offers a 11.16% rental yield on a $195,000 purchase with $1,813/mo rent. Total monthly income registers $1,813/mo, and a $954/mo payment leaves $427/mo available for distribution. Annual cash flow reaches $5,121/yr on $64,643 to close, and return on cash invested stands at 27.83% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,875 over five years. Portfolio math shows five-year ROI at 146.52% and total cumulative return in cash at $94,714. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,813/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
0.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77585, Saratoga, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 753 (100%) |
| Owner Occupied HU | 597 (79.3%) |
| Renter Occupied HU | 65 ( 8.6%) |
| Vacant Housing Units | 91 (12.1%) |
| Median Home Value | $201,923 |
| Average Home Value | $240,230 |
Housing Distribution
Address Breakdown
Residential
280
Single Family
280
Multi-Family
0
Businesses
21
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Listed by: Eleni Brooks • Coldwell Banker Realty - Memorial Office
Mls Name: HAR
Mls Provider:
Mls ID: #2997301
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