1242 Red Hills DrIowa ColonyTX77583
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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 Iowa Colony at 1242 Red Hills Dr, Iowa Colony, TX, 77583 at $329,990 posts ROI 17.81% with from $2,247/mo rent. Total monthly income equals $2,247/mo. Return on cash invested measures 17.81% and rental yield reads 8.17% at the current $329,990. Equity gained on principal adds $2,129/yr, and 5% annual appreciation supports $91,170 by year five. Five-year ROI prints 93.16% and total cumulative return in cash totals $101,911. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,247/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2022
9,814 sqft lot
$N/A/sqft
$1,100 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77583, Rosharon, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
18,736
Single Family
18,736
Multi-Family
0
Businesses
434
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Listed by: Tatchi Lay • Cavalier Real Estate
Mls Name: HAR
Mls Provider:
Mls ID: #40553330
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