301 Falcon Lake 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
Rental property for sale in Friendswood at 301 Falcon Lake Dr, Friendswood, TX, 77546 priced at $684,900 pairs $6,196/mo rent with $1,282/mo cash flow after a $3,352/mo payment. Total monthly income equals $6,196/mo, and annual cash flow comes to $15,385/yr on $225,332 invested. Return on cash invested is 26.89% in year one, and rental yield stands at 10.86% on a $684,900 basis. Equity gained on principal adds $4,420/yr, and 5% annual appreciation accumulates to $189,225 by year five. Five-year ROI measures 141.55% and total cumulative return in cash reaches $318,963. For financing, Ziffy Mortgage’s DSCR program evaluates $6,196/mo property income against a $3,352/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2006
0.29 Acres lot
$N/A/sqft
$525 annually 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: Martina Tomey • Foundations Realty
Mls Name: HAR
Mls Provider:
Mls ID: #43657336
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