702 Oak DrSomervilleTX77879
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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 Somerville at 702 Oak Dr, Somerville, TX, 77879 generates $2,591/mo in rent and, after a $1,101/mo payment, leaves $991/mo in cash flow. Total monthly income is $2,591/mo, and annual cash flow is $11,895/yr on $74,588 invested. Return on cash invested sits at 35.86% in year one, and rental yield is 13.82% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 189.63% and total cumulative return in cash sums $141,441. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,591/mo property income rather than buyer’s personal income.
Manufactured
Built in 2021
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77879, Somerville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,528 (100%) |
| Owner Occupied HU | 2,029 (57.5%) |
| Renter Occupied HU | 428 (12.1%) |
| Vacant Housing Units | 1,071 (30.4%) |
| Median Home Value | $146,744 |
| Average Home Value | $243,677 |
Housing Distribution
Address Breakdown
Residential
2,310
Single Family
2,310
Multi-Family
0
Businesses
135
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Listed by: Roman Moore • Coldwell Banker Properties Unlimited
Mls Name: HAR
Mls Provider:
Mls ID: #34079976
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