18764 Lucas Michael WayNew CaneyTX77357
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
Investment property for sale in New Caney at 18764 Lucas Michael Way, New Caney, TX, 77357 offers a 9.11% rental yield on a $324,817 purchase with $2,467/mo rent. Total monthly income registers $2,467/mo, and a $1,590/mo payment leaves $157/mo available for distribution. Annual cash flow reaches $1,884/yr on $107,677 to close, and return on cash invested stands at 21.66% in year one. Equity gained on principal adds $2,096/yr while 5% annual appreciation supports $89,741 over five years. Portfolio math shows five-year ROI at 113.42% and total cumulative return in cash at $122,127. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,467/mo property income against a $1,590/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
5,127 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77357, New Caney, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,646 (100%) |
| Owner Occupied HU | 12,426 (74.6%) |
| Renter Occupied HU | 2,795 (16.8%) |
| Vacant Housing Units | 1,425 ( 8.6%) |
| Median Home Value | $324,310 |
| Average Home Value | $342,586 |
Housing Distribution
Address Breakdown
Residential
15,078
Single Family
14,889
Multi-Family
189
Businesses
691
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices