202 Promenade St EMontgomeryTX77356
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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 202 Promenade St E, Montgomery, TX, 77356 with 5% annual appreciation on a $1,185,000 basis while $2,921/mo rent supports operations. 8% in year one. Equity gained on principal adds $7,647/yr, and five-year appreciation sums $327,394 alongside rental yield of 2.96%. Five-year ROI measures 12.35% and total cumulative return in cash totals $47,430. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,921/mo property income versus a $5,800/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2022
0.29 Acres lot
$N/A/sqft
$1,401 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77356, Montgomery, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,071 (100%) |
| Owner Occupied HU | 11,927 (69.9%) |
| Renter Occupied HU | 2,595 (15.2%) |
| Vacant Housing Units | 2,549 (14.9%) |
| Median Home Value | $480,331 |
| Average Home Value | $586,627 |
Housing Distribution
Address Breakdown
Residential
16,601
Single Family
14,964
Multi-Family
1,637
Businesses
1,222
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Listed by: Ashley Van den Heuvel • JLA Realty
Mls Name: HAR
Mls Provider:
Mls ID: #89608376
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