132 Cherry Tree LnFriendswoodTX77546
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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 Friendswood at 132 Cherry Tree Ln, Friendswood, TX, 77546 offers a 9.67% rental yield on a $565,000 purchase with $4,554/mo rent. Total monthly income registers $4,554/mo, and a $2,765/mo payment leaves $537/mo available for distribution. Annual cash flow reaches $6,439/yr on $185,885 to close, and return on cash invested stands at 23.52% in year one. Equity gained on principal adds $3,646/yr while 5% annual appreciation supports $156,099 over five years. Portfolio math shows five-year ROI at 123.41% and total cumulative return in cash at $229,407. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,554/mo property income against a $2,765/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77546, Friendswood, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,116 (100%) |
| Owner Occupied HU | 15,639 (74.1%) |
| Renter Occupied HU | 4,813 (22.8%) |
| Vacant Housing Units | 664 ( 3.1%) |
| Median Home Value | $384,019 |
| Average Home Value | $441,191 |
Housing Distribution
Address Breakdown
Residential
20,364
Single Family
17,359
Multi-Family
3,005
Businesses
1,330
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Listed by: Joshua Staats • PrimePointe
Mls Name: HAR
Mls ID: #48371489