116 Meadow Ridge WayCluteTX77531
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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 Clute at 116 Meadow Ridge Way, Clute, TX, 77531 uses $115,362 cash to close to unlock $5,869/yr annual cash flow and $489/mo monthly cash flow. Total monthly income runs $3,001/mo, and a $1,703/mo payment keeps the spread at $489/mo. Purchase price stands at $348,000, and rental yield measures 10.35% with $3,001/mo rent. Return on cash invested shows 25% in year one, and 5% annual appreciation builds toward $96,146 over five years. Five-year ROI reaches 131.51% and total cumulative return in cash records $151,714. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,001/mo property income covering a $1,703/mo payment rather than investor’s personal income.
Single Family
Built in 2015
8,524 sqft lot
$N/A/sqft
$450 annually HOA
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Nearby investment properties with comparable prices
Listed by: Sharon Leshikar • eXp Realty, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #38094115
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