12755 Mill Ridge Dr APT 616CypressTX77429
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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 Cypress at 12755 Mill Ridge Dr APT 616, Cypress, TX, 77429 generates $1,626/mo in rent, after a $783/mo payment. Total monthly income is $1,626/mo. Return on cash invested sits at 18.24% in year one, and rental yield is 12.2% on a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 99.8% and total cumulative return in cash sums $52,934. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,626/mo property income rather than buyer’s personal income.
Townhouse
Built in 1984
3.91 Acres lot
$N/A/sqft
$562 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77429, Cypress, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 33,613 (100%) |
| Owner Occupied HU | 25,546 (76.0%) |
| Renter Occupied HU | 7,150 (21.3%) |
| Vacant Housing Units | 917 ( 2.7%) |
| Median Home Value | $371,673 |
| Average Home Value | $405,431 |
Housing Distribution
Address Breakdown
Residential
33,064
Single Family
29,175
Multi-Family
3,889
Businesses
1,782
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Listed by: Enrique Escobar • Mr. Sold Real Estate
Mls Name: HAR
Mls Provider:
Mls ID: #29796239
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