1333 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 1333 Red Hills Dr, Iowa Colony, TX, 77583 uses $98,091 cash to close to unlock $8,161/yr annual cash flow and $680/mo monthly cash flow. Total monthly income runs $2,784/mo, and a $1,448/mo payment keeps the spread at $680/mo. Purchase price stands at $295,900, and rental yield measures 11.29% with $2,784/mo rent. Return on cash invested shows 28.23% in year one, and 5% annual appreciation builds toward $81,752 over five years. Five-year ROI reaches 148.71% and total cumulative return in cash records $145,869. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,784/mo property income covering a $1,448/mo payment rather than investor’s personal income.
Single Family
Built in 2020
6,512 sqft lot
$N/A/sqft
No 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: Maria Perez • BK Real Estate
Mls Name: HAR
Mls ID: #38862401