235 Charles Ridge DrMontgomeryTX77316
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Montgomery at 235 Charles Ridge Dr, Montgomery, TX, 77316 priced at $312,120 converts $2,998/mo rent into $678/mo cash flow after a $1,528/mo obligation. Total monthly income equals $2,998/mo, and annual cash flow totals $8,138/yr on $103,468 invested. Return on cash invested prints 27.77% in year one, and rental yield reads 11.53% against a $312,120 entry. Equity gained on principal adds $2,014/yr, while 5% annual appreciation compiles into $86,233 by year five. Five-year ROI reaches 146.69% and total cumulative return in cash sums $151,777. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,998/mo property income covering a $1,528/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
$1,200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77316, Montgomery, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,356 (100%) |
| Owner Occupied HU | 13,173 (80.5%) |
| Renter Occupied HU | 1,831 (11.2%) |
| Vacant Housing Units | 1,352 ( 8.3%) |
| Median Home Value | $452,118 |
| Average Home Value | $493,656 |
Housing Distribution
Address Breakdown
Residential
15,368
Single Family
14,899
Multi-Family
469
Businesses
331
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Listed by: Patrick McGrath • Meritage Homes Realty
Mls Name: HAR
Mls Provider:
Mls ID: #82833291
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