10602 Great Basin DrIowa ColonyTX77583
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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 Iowa Colony at 10602 Great Basin Dr, Iowa Colony, TX, 77583 listed at $319,000 pairs $2,188/mo rent with a $1,561/mo payment. Total monthly income runs $2,188/mo. Return on cash invested measures 19% in year one, and rental yield registers 8.23% at a $319,000 basis. Equity gained on principal adds $2,058/yr, and annual property appreciation at 5% supports $88,134 by year five. Five-year ROI tracks 99.18% and total cumulative return in cash totals $104,881. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,188/mo property income relative to a $1,561/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2022
7,361 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77583, Rosharon, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,326 (100%) |
| Owner Occupied HU | 17,291 (81.1%) |
| Renter Occupied HU | 1,560 ( 7.3%) |
| Vacant Housing Units | 2,475 (11.6%) |
| Median Home Value | $360,995 |
| Average Home Value | $403,554 |
Housing Distribution
Address Breakdown
Residential
18,736
Single Family
18,736
Multi-Family
0
Businesses
434
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Listed by: Sabu Joseph • Stride Real Estate, LLC
Mls Name: HAR
Mls ID: #7581543