801 Luther St W UNIT 1505College StationTX77840
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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 College Station at 801 Luther St W UNIT 1505, College Station, TX, 77840 offers a 7.97% rental yield on a $305,500 purchase with $2,029/mo rent. 18% in year one. Equity gained on principal adds $1,971/yr while 5% annual appreciation supports $84,404 over five years. Portfolio math shows five-year ROI at 79.79% and total cumulative return in cash at $80,807. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,029/mo property income against a $1,495/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2003
3,127 sqft lot
$N/A/sqft
$220 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77840, College Station, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,002 (100%) |
| Owner Occupied HU | 2,203 ( 8.2%) |
| Renter Occupied HU | 20,140 (74.6%) |
| Vacant Housing Units | 4,659 (17.3%) |
| Median Home Value | $310,088 |
| Average Home Value | $383,790 |
Housing Distribution
Address Breakdown
Residential
16,688
Single Family
8,386
Multi-Family
8,302
Businesses
1,194
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Listed by: Katherine Massey • NextHome Realty Solutions BCS
Mls Name: BCSMLS
Mls Provider:
Mls ID: #25005167
Disclaimer: IDX information is provided exclusively for 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.