120 Colbys WayMontgomeryTX77356
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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 Montgomery at 120 Colbys Way, Montgomery, TX, 77356 priced at $328,000 converts $2,770/mo rent into $438/mo cash flow after a $1,605/mo obligation. Total monthly income equals $2,770/mo, and annual cash flow totals $5,255/yr on $108,732 invested. Return on cash invested prints 24.74% in year one, and rental yield reads 10.13% against a $328,000 entry. Equity gained on principal adds $2,117/yr, while 5% annual appreciation compiles into $90,620 by year five. Five-year ROI reaches 129.96% and total cumulative return in cash sums $141,307. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,770/mo property income covering a $1,605/mo payment, not borrower’s personal income.
Single Family
Built in 2022
7,514 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77356, Montgomery, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,071 (100%) |
| Owner Occupied HU | 11,927 (69.9%) |
| Renter Occupied HU | 2,595 (15.2%) |
| Vacant Housing Units | 2,549 (14.9%) |
| Median Home Value | $480,331 |
| Average Home Value | $586,627 |
Housing Distribution
Address Breakdown
Residential
16,601
Single Family
14,964
Multi-Family
1,637
Businesses
1,222
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Listed by: Deborah Phillips • LPT Realty, LLC
Mls Name: HAR
Mls ID: #89086396