22 Mount Zion RdNew WaverlyTX77358
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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
Rental property for sale in New Waverly at 22 Mount Zion Rd, New Waverly, TX, 77358 priced at $1,699,900 converts $2,078/mo rent into after a $8,320/mo obligation. Total monthly income equals $2,078/mo. Return on cash invested prints -1.44% in year one, and rental yield reads 1.47% against a $1,699,900 entry. Equity gained on principal adds $10,969/yr, while 5% annual appreciation compiles into $469,651 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,078/mo property income covering a $8,320/mo payment, not borrower’s personal income.
Single Family
Built in 2016
12.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77358, New Waverly, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,582 (100%) |
| Owner Occupied HU | 1,737 (67.3%) |
| Renter Occupied HU | 402 (15.6%) |
| Vacant Housing Units | 443 (17.2%) |
| Median Home Value | $249,672 |
| Average Home Value | $390,974 |
Housing Distribution
Address Breakdown
Residential
2,097
Single Family
2,047
Multi-Family
50
Businesses
230
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Listed by: Rusty Shannon • Patti Shannon Properties
Mls Name: HAR
Mls ID: #32232570