720 Norwood DrBeaumontTX77706
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
Rental property for sale in Beaumont at 720 Norwood Dr, Beaumont, TX, 77706 priced at $279,900 converts $4,120/mo rent into $2,130/mo cash flow after a $1,370/mo obligation. Total monthly income equals $4,120/mo, and annual cash flow totals $25,555/yr on $92,787 invested. Return on cash invested prints 47.45% in year one, and rental yield reads 17.66% against a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation compiles into $77,331 by year five. Five-year ROI reaches 251.75% and total cumulative return in cash sums $233,593. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,120/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 1978
10,876 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77706, Beaumont, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,618 (100%) |
| Owner Occupied HU | 7,223 (49.4%) |
| Renter Occupied HU | 5,868 (40.1%) |
| Vacant Housing Units | 1,527 (10.4%) |
| Median Home Value | $265,619 |
| Average Home Value | $303,241 |
Housing Distribution
Address Breakdown
Residential
14,637
Single Family
9,017
Multi-Family
5,620
Businesses
1,205
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Penne Mayer • Coldwell Banker Southern Homes
Mls Name: HAR
Mls Provider:
Mls ID: #2069268
Disclaimer: Copyright 2024, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.