2847 Everett DrFriendswoodTX77546
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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
Investment property for sale in Friendswood at 2847 Everett Dr, Friendswood, TX, 77546 uses $218,127 cash to close to unlock $14,968/yr annual cash flow and $1,247/mo monthly cash flow. Total monthly income runs $5,962/mo, and a $3,245/mo payment keeps the spread at $1,247/mo. Purchase price stands at $663,000, and rental yield measures 10.79% with $5,962/mo rent. Return on cash invested shows 26.92% in year one, and 5% annual appreciation builds toward $183,175 over five years. Five-year ROI reaches 141.65% and total cumulative return in cash records $308,979. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,962/mo property income covering a $3,245/mo payment rather than investor’s personal income.
Single Family
Built in 1998
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77546, Friendswood, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,116 (100%) |
| Owner Occupied HU | 15,639 (74.1%) |
| Renter Occupied HU | 4,813 (22.8%) |
| Vacant Housing Units | 664 ( 3.1%) |
| Median Home Value | $384,019 |
| Average Home Value | $441,191 |
Housing Distribution
Address Breakdown
Residential
20,364
Single Family
17,359
Multi-Family
3,005
Businesses
1,330
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Listed by: Karen Laroux • eXp Realty, LLC
Mls Name: HAR
Mls ID: #31115425