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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Iowa Colony at 2318 Red Slate Dr, Iowa Colony, TX, 77583 priced at $325,000 pairs $3,109/mo rent with $665/mo cash flow after a $1,591/mo payment. Total monthly income equals $3,109/mo, and annual cash flow comes to $7,981/yr on $107,738 invested. Return on cash invested is 27.32% in year one, and rental yield stands at 11.48% on a $325,000 basis. Equity gained on principal adds $2,097/yr, and 5% annual appreciation accumulates to $89,792 by year five. Five-year ROI measures 144.35% and total cumulative return in cash reaches $155,521. For financing, Ziffy Mortgage’s DSCR program evaluates $3,109/mo property income against a $1,591/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2018
6,024 sqft lot
$N/A/sqft
$1,590 annually HOA
Neighborhood data shown for ZIP Code: 77583, Rosharon, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,326 (100%) |
| Owner Occupied HU | 17,291 (81.1%) |
| Renter Occupied HU | 1,560 ( 7.3%) |
| Vacant Housing Units | 2,475 (11.6%) |
| Median Home Value | $360,995 |
| Average Home Value | $403,554 |
Residential
18,736
Single Family
18,736
Multi-Family
0
Businesses
434
Date | Event | Price |
|---|---|---|
| 2025-04-26 | Listed for sale | $325,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-26 | $4817.65 | 0.18% | $346,270 | 1.83% |
| 2023-04-26 | $4809.00 | -16.40% | $340,034 | 10.00% |
| 2022-04-26 | $5752.13 | 1.74% | $309,122 | 10.00% |
Listed by: Natasha Simon • Compass RE Texas, LLC - The Heights
Mls Name: HAR
Mls Provider:
Mls ID: #91387987
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