822 E Fannin StLa GrangeTX78945
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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 La Grange at 822 E Fannin St, La Grange, TX, 78945 uses $70,941 cash to close to unlock $5,288/yr annual cash flow and $441/mo monthly cash flow. Total monthly income runs $1,962/mo, and a $1,047/mo payment keeps the spread at $441/mo. Purchase price stands at $214,000, and rental yield measures 11% with $1,962/mo rent. Return on cash invested shows 27.36% in year one, and 5% annual appreciation builds toward $59,124 over five years. Five-year ROI reaches 144.03% and total cumulative return in cash records $102,179. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,962/mo property income covering a $1,047/mo payment rather than investor’s personal income.
Manufactured
Built in 2024
9,347 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78945, La Grange, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,435 (100%) |
| Owner Occupied HU | 3,493 (64.3%) |
| Renter Occupied HU | 1,087 (20.0%) |
| Vacant Housing Units | 855 (15.7%) |
| Median Home Value | $336,798 |
| Average Home Value | $428,576 |
Housing Distribution
Address Breakdown
Residential
4,890
Single Family
4,751
Multi-Family
139
Businesses
733
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Listed by: Brandon Schielack • Bubela Real Estate
Mls Name: HAR
Mls Provider:
Mls ID: #19974071
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