1121 Hickory TerFriendswoodTX77546
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Friendswood at 1121 Hickory Ter, Friendswood, TX, 77546 generates $3,604/mo in rent and, after a $2,080/mo payment, leaves $553/mo in cash flow. Total monthly income is $3,604/mo, and annual cash flow is $6,633/yr on $140,888 invested. Return on cash invested sits at 24.62% in year one, and rental yield is 10.18% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 129.39% and total cumulative return in cash sums $182,297. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,604/mo property income rather than buyer’s personal income.
Single Family
Built in 2012
7,801 sqft lot
$N/A/sqft
$350 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lindsay Rose • Foundations Realty
Mls Name: HAR
Mls Provider:
Mls ID: #41401653
Disclaimer: Copyright 2024, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.