18788 Laurel Hills DrNew CaneyTX77357
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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 New Caney at 18788 Laurel Hills Dr, New Caney, TX, 77357 uses $102,765 cash to close to unlock $5,566/yr annual cash flow and $464/mo monthly cash flow. Total monthly income runs $2,668/mo, and a $1,517/mo payment keeps the spread at $464/mo. Purchase price stands at $310,000, and rental yield measures 10.33% with $2,668/mo rent. Return on cash invested shows 25.33% in year one, and 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 133.09% and total cumulative return in cash records $136,771. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,668/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Single Family
Built in 2019
6,804 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
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