LOT 59 Cove Bend DrCat SpringTX78933
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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 Cat Spring at LOT 59 Cove Bend Dr, Cat Spring, TX, 78933 with 5% annual appreciation on a $105,000 basis while $1,792/mo rent supports operations. Total monthly income totals $1,792/mo and a $514/mo payment preserves $1,030/mo for cash returns. Annual cash flow comes to $12,363/yr on $34,808 deployed, and return on cash invested reaches 55.43% in year one. Equity gained on principal adds $678/yr, and five-year appreciation sums $29,010 alongside rental yield of 20.48%. Five-year ROI measures 294.84% and total cumulative return in cash totals $102,626.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,792/mo property income versus a $514/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Lot
Built in N/A
1.21 Acres lot
$N/A/sqft
$180 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78933, Cat Spring, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 858 (100%) |
| Owner Occupied HU | 589 (68.6%) |
| Renter Occupied HU | 114 (13.3%) |
| Vacant Housing Units | 155 (18.1%) |
| Median Home Value | $340,865 |
| Average Home Value | $479,312 |
Housing Distribution
Address Breakdown
Residential
741
Single Family
741
Multi-Family
0
Businesses
28
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Listed by: Kristen Novicke • Texas Trust Real Estate
Mls Name: HAR
Mls Provider:
Mls ID: #25224192
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