12947 Millstream Bend LnTomballTX77377
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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 Tomball at 12947 Millstream Bend Ln, Tomball, TX, 77377 uses $115,594 cash to close to unlock $4,465/yr annual cash flow and $372/mo monthly cash flow. Total monthly income runs $2,938/mo, and a $1,707/mo payment keeps the spread at $372/mo. Purchase price stands at $348,700, and rental yield measures 10.11% with $2,938/mo rent. Return on cash invested shows 23.77% in year one, and 5% annual appreciation builds toward $96,339 over five years. Five-year ROI reaches 125.12% and total cumulative return in cash records $144,626. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,938/mo property income covering a $1,707/mo payment rather than investor’s personal income.
Single Family
Built in 2008
6,534 sqft lot
$N/A/sqft
$86 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77377, Tomball, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,354 (100%) |
| Owner Occupied HU | 12,899 (74.3%) |
| Renter Occupied HU | 3,384 (19.5%) |
| Vacant Housing Units | 1,071 ( 6.2%) |
| Median Home Value | $383,186 |
| Average Home Value | $457,914 |
Housing Distribution
Address Breakdown
Residential
15,635
Single Family
14,343
Multi-Family
1,292
Businesses
1,368
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