111 Tower DrFriendswoodTX77546
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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 Friendswood at 111 Tower Dr, Friendswood, TX, 77546 uses $112,710 cash to close to unlock $2,500/yr annual cash flow and $208/mo monthly cash flow. Total monthly income runs $2,626/mo, and a $1,664/mo payment keeps the spread at $208/mo. Purchase price stands at $339,999, and rental yield measures 9.27% with $2,626/mo rent. Return on cash invested shows 22.13% in year one, and 5% annual appreciation builds toward $93,935 over five years. Five-year ROI reaches 115.96% and total cumulative return in cash records $130,698. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,626/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 1968
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77546, Friendswood, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,116 (100%) |
| Owner Occupied HU | 15,639 (74.1%) |
| Renter Occupied HU | 4,813 (22.8%) |
| Vacant Housing Units | 664 ( 3.1%) |
| Median Home Value | $384,019 |
| Average Home Value | $441,191 |
Housing Distribution
Address Breakdown
Residential
20,364
Single Family
17,359
Multi-Family
3,005
Businesses
1,330
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Listed by: Tiffany Sommer • Vip Realty
Mls Name: HAR
Mls Provider:
Mls ID: #79776306
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