8 Smith Loop SClevelandTX77327
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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 Cleveland at 8 Smith Loop S, Cleveland, TX, 77327 priced at $699,000 converts $2,827/mo rent into after a $3,421/mo obligation. Total monthly income equals $2,827/mo. Return on cash invested prints 7.49% in year one, and rental yield reads 4.85% against a $699,000 entry. Equity gained on principal adds $4,511/yr, while 5% annual appreciation compiles into $193,121 by year five. Five-year ROI reaches 37.95% and total cumulative return in cash sums $87,266. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,827/mo property income covering a $3,421/mo payment, not borrower’s personal income.
Single Family
Built in 2009
0.88 Acres lot
$N/A/sqft
$3,180 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77327, Cleveland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,928 (100%) |
| Owner Occupied HU | 11,362 (71.3%) |
| Renter Occupied HU | 2,751 (17.3%) |
| Vacant Housing Units | 1,815 (11.4%) |
| Median Home Value | $198,690 |
| Average Home Value | $213,135 |
Housing Distribution
Address Breakdown
Residential
17,794
Single Family
17,296
Multi-Family
498
Businesses
630
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Listed by: James Smith • Charlotte Gilpin, REALTORS
Mls Name: HAR
Mls Provider:
Mls ID: #10132670
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