1587 River Point DrFriendswoodTX77546
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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
Rental property for sale in Friendswood at 1587 River Point Dr, Friendswood, TX, 77546 generates $3,708/mo in rent, after a $6,408/mo payment. Total monthly income is $3,708/mo. Return on cash invested sits at 4.52% in year one, and rental yield is 3.4% on a $1,309,160 entry. Equity gained on principal adds $8,448/yr, while 5% annual appreciation builds toward $361,697 over five years. Five-year ROI reaches 21.48% and total cumulative return in cash sums $91,091. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,708/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
0.36 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: Bobbie Alexander • Alexander Properties
Mls Name: HAR
Mls ID: #28293855