16218 Coral Bay StCrosbyTX77532
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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 Crosby at 16218 Coral Bay St, Crosby, TX, 77532 offers a 11.24% rental yield on a $372,600 purchase with $3,491/mo rent. Total monthly income registers $3,491/mo, and a $1,824/mo payment leaves $791/mo available for distribution. Annual cash flow reaches $9,493/yr on $123,517 to close, and return on cash invested stands at 27.59% in year one. Equity gained on principal adds $2,404/yr while 5% annual appreciation supports $102,943 over five years. Portfolio math shows five-year ROI at 145.48% and total cumulative return in cash at $179,693. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,491/mo property income against a $1,824/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
0.32 Acres lot
$N/A/sqft
$50 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77532, Crosby, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,959 (100%) |
| Owner Occupied HU | 10,830 (77.6%) |
| Renter Occupied HU | 2,376 (17.0%) |
| Vacant Housing Units | 753 ( 5.4%) |
| Median Home Value | $295,326 |
| Average Home Value | $329,899 |
Housing Distribution
Address Breakdown
Residential
13,454
Single Family
13,004
Multi-Family
450
Businesses
669
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