1402 Island Grove Dr, Iowa Colony, TX, 77583 | $912/mo Cash Flow

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1402 Island Grove Dr, Iowa Colony, TX, 77583 | $912/mo Cash Flow | Ziffy

Off market

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Iowa Colony at 1402 Island Grove Dr, Iowa Colony, TX, 77583 with 5% annual appreciation on a $279,400 basis while $2,899/mo rent supports operations. Total monthly income totals $2,899/mo and a $1,368/mo payment preserves $912/mo for cash returns. Annual cash flow comes to $10,940/yr on $92,621 deployed, and return on cash invested reaches 31.72% in year one. Equity gained on principal adds $1,803/yr, and five-year appreciation sums $77,193 alongside rental yield of 12.45%. Five-year ROI measures 167.39% and total cumulative return in cash totals $155,040.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,899/mo property income versus a $1,368/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

It is our pleasure to introduce you to 1402 Island Grove Drive located in the Caldwell Crossing community! This single-story house spans 1,831 square feet and will be a lovely home for you and your family! It includes four bedrooms, two-and-a-half bathrooms, a game room, a two-car garage, spray foam insultation and has 3 sided brick masonry. As you enter this beautiful home, you will notice two secondary bedrooms with access to a secondary bathroom. Each of the secondary bedrooms are finished with carpet flooring, a bright window illuminating the room with natural light, and a tall closet. In between the two bedrooms is the secondary bathroom, which has vinyl flooring and a tub/shower combo. Continuing through the foyer, you will find the powder room, utility room, and third secondary bedroom. The powder room and utility room both have vinyl flooring, and the utility room has space for a washer and dryer. The secondary bedroom has carpet flooring, a tall closet, and a bright window that opens to the side of the home. The family room, dining room, and L-shaped kitchen at the end of the foyer. This is an open concept living and dining space, making this house perfect for hosting family and friends. The kitchen is equipped with stainless-steel appliances, vinyl floors, and a tall pantry. The family room has two windows that open to the back of the home, brightening the home with the Sun's rays. The primary bedroom can be accessed through the family room. This bedroom has c

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