16724 E ForrestalMontgomeryTX77316
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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 Montgomery at 16724 E Forrestal, Montgomery, TX, 77316 uses $40,808 cash to close to unlock $6,178/yr annual cash flow and $515/mo monthly cash flow. Total monthly income runs $1,398/mo, and a $603/mo payment keeps the spread at $515/mo. Purchase price stands at $123,100, and rental yield measures 13.63% with $1,398/mo rent. Return on cash invested shows 35.05% in year one, and 5% annual appreciation builds toward $34,010 over five years. Five-year ROI reaches 185.34% and total cumulative return in cash records $75,632. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,398/mo property income covering a $603/mo payment rather than investor’s personal income.
Single Family
Built in 2022
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77316, Montgomery, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,356 (100%) |
| Owner Occupied HU | 13,173 (80.5%) |
| Renter Occupied HU | 1,831 (11.2%) |
| Vacant Housing Units | 1,352 ( 8.3%) |
| Median Home Value | $452,118 |
| Average Home Value | $493,656 |
Housing Distribution
Address Breakdown
Residential
15,368
Single Family
14,899
Multi-Family
469
Businesses
331
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