1818 Homewood Point Ln, Iowa Colony, TX, 77583 | $1,083/mo Cash Flow

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1818 Homewood Point Ln, Iowa Colony, TX, 77583 | $1,083/mo Cash Flow | Ziffy

For Sale

Listed for sale 7 days ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Iowa Colony at 1818 Homewood Point Ln, Iowa Colony, TX, 77583 generates $3,856/mo in rent and, after a $1,909/mo payment, leaves $1,083/mo in cash flow. Total monthly income is $3,856/mo, and annual cash flow is $12,990/yr on $129,285 invested. Return on cash invested sits at 29.96% in year one, and rental yield is 11.86% on a $390,000 entry. Equity gained on principal adds $2,517/yr, while 5% annual appreciation builds toward $107,750 over five years. Five-year ROI reaches 157.95% and total cumulative return in cash sums $204,200. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,856/mo property income rather than buyer’s personal income.

Single Family

Built in 2023

9,308 sqft lot

$N/A/sqft

No HOA

More details about the property

Discover the perfect place to call home in this stunning, like-new residence, located in a vibrant community with a clubhouse, pool, and playground! From the moment you step inside, you'll be welcomed by gleaming floors and a bright, open living space designed for both comfort and style. The modern kitchen is a dream for home chefs, featuring granite counters, stainless steel appliances, an incredible walk-in pantry, and a large island with bar seating. This home also includes a water softener system and a whole-home water filtration system, offering exceptional water quality and added peace of mind. The spacious primary suite offers a spa-like ensuite, including dual sinks, a large standing shower, a soaking tub, and a massive walk-in closet. 3 additional bedrooms and a versatile sitting room provide endless possibilities for work, play, or relaxation. Step outside to a fully fenced backyard with lush green space and a covered patio, perfect for outdoor gatherings.

Neighborhood Data

Neighborhood data shown for ZIP Code: 77583, Rosharon, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	21,326 (100%)
Owner Occupied HU	17,291 (81.1%)
Renter Occupied HU	1,560 ( 7.3%)
Vacant Housing Units	2,475 (11.6%)
Median Home Value	$360,995
Average Home Value	$403,554