1009 Groveton Ridge LnPinehurstTX77362
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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 Pinehurst at 1009 Groveton Ridge Ln, Pinehurst, TX, 77362 priced at $689,900 converts $5,357/mo rent into $351/mo cash flow after a $3,377/mo obligation. Total monthly income equals $5,357/mo, and annual cash flow totals $4,209/yr on $226,977 invested. Return on cash invested prints 21.91% in year one, and rental yield reads 9.32% against a $689,900 entry. Equity gained on principal adds $4,452/yr, while 5% annual appreciation compiles into $190,607 by year five. Five-year ROI reaches 114.97% and total cumulative return in cash sums $260,953. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,357/mo property income covering a $3,377/mo payment, not borrower’s personal income.
Single Family
Built in 2021
0.26 Acres lot
$N/A/sqft
$1,200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77362, Pinehurst, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,097 (100%) |
| Owner Occupied HU | 2,642 (85.3%) |
| Renter Occupied HU | 307 ( 9.9%) |
| Vacant Housing Units | 148 ( 4.8%) |
| Median Home Value | $452,486 |
| Average Home Value | $488,753 |
Housing Distribution
Address Breakdown
Residential
3,103
Single Family
3,103
Multi-Family
0
Businesses
344
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Listed by: Tammy Hendricks • Compass RE Texas, LLC - The Woodlands
Mls Name: HAR
Mls Provider:
Mls ID: #39834738
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