263 Charles Ridge DrMontgomeryTX77316
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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 Montgomery at 263 Charles Ridge Dr, Montgomery, TX, 77316 priced at $285,540 pairs $1,949/mo rent with after a $1,398/mo payment. Total monthly income equals $1,949/mo. Return on cash invested is 17.6% in year one, and rental yield stands at 8.19% on a $285,540 basis. Equity gained on principal adds $1,843/yr, and 5% annual appreciation accumulates to $78,889 by year five. Five-year ROI measures 92.2% and total cumulative return in cash reaches $87,272. For financing, Ziffy Mortgage’s DSCR program evaluates $1,949/mo property income against a $1,398/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
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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Nearby investment properties with comparable prices
Listed by: Patrick McGrath • Meritage Homes Realty
Mls Name: HAR
Mls Provider:
Mls ID: #78288227
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