The 1613 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 1613 Plan, Grand Lake, Somerville, TX, 77879 offers a 10.13% rental yield on a $280,900 purchase with $2,371/mo rent. Total monthly income registers $2,371/mo, and a $1,375/mo payment leaves $308/mo available for distribution. Annual cash flow reaches $3,700/yr on $93,118 to close, and return on cash invested stands at 23.88% in year one. Equity gained on principal adds $1,813/yr while 5% annual appreciation supports $77,607 over five years. Portfolio math shows five-year ROI at 125.7% and total cumulative return in cash at $117,051. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,371/mo property income against a $1,375/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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