2359 Virginia CtMontgomeryTX77316
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 2359 Virginia Ct, Montgomery, TX, 77316 offers $1,244/mo rent that, after a $803/mo payment, leaves $77/mo cash flow. Total monthly income is $1,244/mo, and annual cash flow is $930/yr on $54,366 cash. Return on cash invested measures 21.62% in year one, and rental yield stands at 9.1% at a $164,000 entry. Equity gained on principal adds $1,058/yr while 5% annual appreciation compounds into $45,310 by year five. Five-year ROI records 113.29% and total cumulative return in cash reaches $61,593. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,244/mo property income versus a $803/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
0.28 Acres lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Charles Patawaran • Gatsby Advisors Real Estate
Mls Name: HAR
Mls ID: #10020336