23724 Patchouli Terrace DrSplendoraTX77372
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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 Splendora at 23724 Patchouli Terrace Dr, Splendora, TX, 77372 generates $2,710/mo in rent and, after a $1,101/mo payment, leaves $1,110/mo in cash flow. Total monthly income is $2,710/mo, and annual cash flow is $13,323/yr on $74,584 invested. Return on cash invested sits at 37.77% in year one, and rental yield is 14.45% on a $224,990 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,161 over five years. Five-year ROI reaches 199.9% and total cumulative return in cash sums $149,094. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,710/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
6,041 sqft 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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