770 Elgie StBeaumontTX77705
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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 Beaumont at 770 Elgie St, Beaumont, TX, 77705 uses $47,903 cash to close to unlock $8,579/yr annual cash flow and $715/mo monthly cash flow. Total monthly income runs $1,838/mo, and a $707/mo payment keeps the spread at $715/mo. Purchase price stands at $144,504, and rental yield measures 15.26% with $1,838/mo rent. Return on cash invested shows 37.82% in year one, and 5% annual appreciation builds toward $39,924 over five years. Five-year ROI reaches 200.95% and total cumulative return in cash records $96,260. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,838/mo property income covering a $707/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77705, Beaumont, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,263 (100%) |
| Owner Occupied HU | 6,312 (51.5%) |
| Renter Occupied HU | 3,972 (32.4%) |
| Vacant Housing Units | 1,979 (16.1%) |
| Median Home Value | $183,929 |
| Average Home Value | $212,005 |
Housing Distribution
Address Breakdown
Residential
11,986
Single Family
10,175
Multi-Family
1,811
Businesses
915
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