22564 Cormorant CtSplendoraTX77372
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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 Splendora at 22564 Cormorant Ct, Splendora, TX, 77372 earns $423/mo cash flow from $2,012/mo rent with a $1,064/mo payment. Total monthly income totals $2,012/mo, and annual cash flow totals $5,080/yr on $72,068 capital. ROI tracks 26.96% on current figures, and rental yield reads 11.11% at a $217,400 purchase. Equity gained on principal adds $1,403/yr, and 5% annual appreciation supports $60,064 over five years. Five-year ROI reaches 142.15% and total cumulative return in cash sums $102,443. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,012/mo property income instead of your personal income.
Single Family
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77372, Splendora, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,634 (100%) |
| Owner Occupied HU | 4,431 (78.6%) |
| Renter Occupied HU | 803 (14.3%) |
| Vacant Housing Units | 400 ( 7.1%) |
| Median Home Value | $287,000 |
| Average Home Value | $327,546 |
Housing Distribution
Address Breakdown
Residential
5,110
Single Family
5,110
Multi-Family
0
Businesses
276
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