16047 Summerville Lake DrTomballTX77377
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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 Tomball at 16047 Summerville Lake Dr, Tomball, TX, 77377 generates $1,753/mo in rent, after a $1,268/mo payment. Total monthly income is $1,753/mo. Return on cash invested sits at 13.66% in year one, and rental yield is 8.12% on a $259,000 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation builds toward $71,557 over five years. Five-year ROI reaches 72.36% and total cumulative return in cash sums $62,128. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,753/mo property income rather than buyer’s personal income.
Townhouse
Built in 2007
2,195 sqft lot
$N/A/sqft
$358 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77377, Tomball, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,354 (100%) |
| Owner Occupied HU | 12,899 (74.3%) |
| Renter Occupied HU | 3,384 (19.5%) |
| Vacant Housing Units | 1,071 ( 6.2%) |
| Median Home Value | $383,186 |
| Average Home Value | $457,914 |
Housing Distribution
Address Breakdown
Residential
15,635
Single Family
14,343
Multi-Family
1,292
Businesses
1,368
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Listed by: Min Ku Lee • Realty Network US
Mls Name: HAR
Mls Provider:
Mls ID: #14170676
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