12902 Lake Mist DrCypressTX77429
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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 Cypress at 12902 Lake Mist Dr, Cypress, TX, 77429 uses $147,518 cash to close to unlock $10,399/yr annual cash flow and $867/mo monthly cash flow. Total monthly income runs $4,031/mo, and a $2,178/mo payment keeps the spread at $867/mo. Purchase price stands at $445,000, and rental yield measures 10.87% with $4,031/mo rent. Return on cash invested shows 26.96% in year one, and 5% annual appreciation builds toward $122,945 over five years. Five-year ROI reaches 141.86% and total cumulative return in cash records $209,264. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,031/mo property income covering a $2,178/mo payment rather than investor’s personal income.
Single Family
Built in 1993
7,148 sqft lot
$N/A/sqft
No 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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