709 Noreda StAngletonTX77515
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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 Angleton at 709 Noreda St, Angleton, TX, 77515 uses $79,063 cash to close to unlock $3,136/yr annual cash flow and $261/mo monthly cash flow. Total monthly income runs $1,957/mo, and a $1,167/mo payment keeps the spread at $261/mo. Purchase price stands at $238,500, and rental yield measures 9.85% with $1,957/mo rent. Return on cash invested shows 23.88% in year one, and 5% annual appreciation builds toward $65,893 over five years. Five-year ROI reaches 125.35% and total cumulative return in cash records $99,107. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,957/mo property income covering a $1,167/mo payment rather than investor’s personal income.
Single Family
Built in 1979
7,318 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77515, Angleton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,883 (100%) |
| Owner Occupied HU | 9,301 (67.0%) |
| Renter Occupied HU | 3,197 (23.0%) |
| Vacant Housing Units | 1,385 ( 10.0%) |
| Median Home Value | $258,127 |
| Average Home Value | $284,750 |
Housing Distribution
Address Breakdown
Residential
12,820
Single Family
10,646
Multi-Family
2,174
Businesses
902
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Listed by: Brandy Archie • Clark Realty
Mls Name: HAR
Mls Provider:
Mls ID: #22963114
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