16978 W HammonMontgomeryTX77316
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Montgomery at 16978 W Hammon, Montgomery, TX, 77316 generates $1,227/mo in rent and, after a $783/mo payment, leaves $90/mo in cash flow. Total monthly income is $1,227/mo, and annual cash flow is $1,075/yr on $53,007 invested. Return on cash invested sits at 21.94% in year one, and rental yield is 9.21% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 114.95% and total cumulative return in cash sums $60,930. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,227/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
6,298 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Estella Dawson • RE/MAX Partners
Mls Name: HAR
Mls ID: #7993333