990 Elliott DrNomeTX77629
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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 Nome at 990 Elliott Dr, Nome, TX, 77629 generates $2,579/mo in rent and, after a $1,538/mo payment, leaves $345/mo in cash flow. Total monthly income is $2,579/mo, and annual cash flow is $4,136/yr on $104,136 invested. Return on cash invested sits at 23.88% in year one, and rental yield is 9.85% on a $314,135 entry. Equity gained on principal adds $2,027/yr, while 5% annual appreciation builds toward $86,790 over five years. Five-year ROI reaches 125.35% and total cumulative return in cash sums $130,534. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,579/mo property income rather than buyer’s personal income.
Single Family
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77629, Nome, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 195 (100%) |
| Owner Occupied HU | 162 (83.1%) |
| Renter Occupied HU | 13 ( 6.7%) |
| Vacant Housing Units | 20 (10.3%) |
| Median Home Value | $282,692 |
| Average Home Value | $293,812 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
21
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