704 E Lobit StBaytownTX77520
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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 Baytown at 704 E Lobit St, Baytown, TX, 77520 uses $46,410 cash to close to unlock $1,100/yr annual cash flow and $92/mo monthly cash flow. Total monthly income runs $1,087/mo, and a $685/mo payment keeps the spread at $92/mo. Purchase price stands at $140,000, and rental yield measures 9.32% with $1,087/mo rent. Return on cash invested shows 22.28% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 116.76% and total cumulative return in cash records $54,190. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,087/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1947
6,050 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77520, Baytown, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,239 (100%) |
| Owner Occupied HU | 7,282 (51.1%) |
| Renter Occupied HU | 5,550 (39.0%) |
| Vacant Housing Units | 1,407 ( 9.9%) |
| Median Home Value | $185,714 |
| Average Home Value | $251,401 |
Housing Distribution
Address Breakdown
Residential
14,072
Single Family
10,546
Multi-Family
3,526
Businesses
1,034
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Listed by: Enrique Buenrostro • The Onyx Group
Mls Name: HAR
Mls Provider:
Mls ID: #6858907
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