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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Iowa Colony at 1207 Diamond Drape Dr, Iowa Colony, TX, 77583 offers a 11.67% rental yield on a $279,000 purchase with $2,714/mo rent. Total monthly income registers $2,714/mo, and a $1,366/mo payment leaves $638/mo available for distribution. Annual cash flow reaches $7,655/yr on $92,489 to close, and return on cash invested stands at 28.19% in year one. Equity gained on principal adds $1,800/yr while 5% annual appreciation supports $77,083 over five years. Portfolio math shows five-year ROI at 148.85% and total cumulative return in cash at $137,671. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,714/mo property income against a $1,366/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2018
6,499 sqft lot
$N/A/sqft
$1,100 annually HOA
Neighborhood data shown for ZIP Code: 77583, Rosharon, TX area.
| 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 |
Residential
18,736
Single Family
18,736
Multi-Family
0
Businesses
434
Date | Event | Price |
|---|---|---|
| 2024-12-12 | Price change | $279,000 |
| 2024-10-30 | Price change | $279,500 |
| 2024-10-25 | Listed for sale | $279,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $293,930 | 8.40% |
| 2023-12-27 | $4589.86 | -13.32% | $271,150 | 10.00% |
| 2022-12-27 | $5295.39 | -12.17% | $246,500 | 10.39% |
Listed by: Holly Brown • eXp Realty LLC
Mls Name: HAR
Mls Provider:
Mls ID: #48576779
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.
