20923 Carob Tree LnTomballTX77377
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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 Tomball at 20923 Carob Tree Ln, Tomball, TX, 77377 earns $400/mo cash flow from $2,640/mo rent with a $1,496/mo payment. Total monthly income totals $2,640/mo, and annual cash flow totals $4,795/yr on $101,350 capital. ROI tracks 24.64% on current figures, and rental yield reads 10.36% at a $305,732 purchase. Equity gained on principal adds $1,973/yr, and 5% annual appreciation supports $84,468 over five years. Five-year ROI reaches 129.71% and total cumulative return in cash sums $131,459. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,640/mo property income instead of your personal income.
Single Family
Built in 2024
5,508 sqft lot
$N/A/sqft
$800 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77377, Tomball, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,354 (100%) |
| Owner Occupied HU | 12,899 (74.3%) |
| Renter Occupied HU | 3,384 (19.5%) |
| Vacant Housing Units | 1,071 ( 6.2%) |
| Median Home Value | $383,186 |
| Average Home Value | $457,914 |
Housing Distribution
Address Breakdown
Residential
15,635
Single Family
14,343
Multi-Family
1,292
Businesses
1,368
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Listed by: Thalina Garcia • Nan & Company Properties
Mls Name: HAR
Mls Provider:
Mls ID: #67482776
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