16046 Millican DrSplendoraTX77372
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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 Splendora at 16046 Millican Dr, Splendora, TX, 77372 earns from $1,640/mo rent with a $1,908/mo payment. Total monthly income totals $1,640/mo. ROI tracks 9.4% on current figures, and rental yield reads 5.05% at a $389,850 purchase. Equity gained on principal adds $2,516/yr, and 5% annual appreciation supports $107,708 over five years. Five-year ROI reaches 47.67% and total cumulative return in cash sums $61,605. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,640/mo property income instead of your personal income.
Single Family
Built in 2024
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77372, Splendora, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,634 (100%) |
| Owner Occupied HU | 4,431 (78.6%) |
| Renter Occupied HU | 803 (14.3%) |
| Vacant Housing Units | 400 ( 7.1%) |
| Median Home Value | $287,000 |
| Average Home Value | $327,546 |
Housing Distribution
Address Breakdown
Residential
5,110
Single Family
5,110
Multi-Family
0
Businesses
276
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Listed by: Anna Snegirev • Keller Williams Realty Metropolitan
Mls Name: HAR
Mls Provider:
Mls ID: #49663864
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