The 1363 Plan, Grand LakeSomervilleTX77879
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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 Somerville at The 1363 Plan, Grand Lake, Somerville, TX, 77879 listed at $263,900 pairs $2,096/mo rent with a $1,292/mo payment to leave $154/mo cash flow. Total monthly income runs $2,096/mo, and annual cash flow reaches $1,848/yr on $87,483 cash to close. Return on cash invested measures 22.02% in year one, and rental yield registers 9.53% at a $263,900 basis. Equity gained on principal adds $1,703/yr, and annual property appreciation at 5% supports $72,911 by year five. Five-year ROI tracks 115.75% and total cumulative return in cash totals $101,262. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,096/mo property income relative to a $1,292/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
N/A lot
$N/A/sqft
$65 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77879, Somerville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,528 (100%) |
| Owner Occupied HU | 2,029 (57.5%) |
| Renter Occupied HU | 428 (12.1%) |
| Vacant Housing Units | 1,071 (30.4%) |
| Median Home Value | $146,744 |
| Average Home Value | $243,677 |
Housing Distribution
Address Breakdown
Residential
2,310
Single Family
2,310
Multi-Family
0
Businesses
135
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Listed by: N/A • Stylecraft Builders
Mls Name: Stylecraft Homes
Mls Provider:
Mls ID: #N/A