6748 Jefferson BlvdGrovesTX77619
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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 Groves at 6748 Jefferson Blvd, Groves, TX, 77619 uses $56,355 cash to close to unlock $5,702/yr annual cash flow and $475/mo monthly cash flow. Total monthly income runs $1,887/mo, and a $832/mo payment keeps the spread at $475/mo. Purchase price stands at $170,000, and rental yield measures 13.32% with $1,887/mo rent. Return on cash invested shows 30.03% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 159.93% and total cumulative return in cash records $90,129. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,887/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1962
7,250 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 |
Housing Distribution
Address Breakdown
Residential
6,794
Single Family
6,193
Multi-Family
601
Businesses
425
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Listed by: Dana Bellanger • 2011 AMERICAN REAL ESTATE CO. LLC
Mls Name: HAR
Mls Provider:
Mls ID: #19734126
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