3022 Cherry Mill CtHoustonTX77059
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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 Houston at 3022 Cherry Mill Ct, Houston, TX, 77059 priced at $385,000 converts $3,341/mo rent into $562/mo cash flow after a $1,884/mo obligation. Total monthly income equals $3,341/mo, and annual cash flow totals $6,738/yr on $127,628 invested. Return on cash invested prints 25.19% in year one, and rental yield reads 10.41% against a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation compiles into $106,368 by year five. Five-year ROI reaches 132.52% and total cumulative return in cash sums $169,126. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,341/mo property income covering a $1,884/mo payment, not borrower’s personal income.
Single Family
Built in 1996
8,054 sqft lot
$N/A/sqft
$505 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77059, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,752 (100%) |
| Owner Occupied HU | 5,727 (84.8%) |
| Renter Occupied HU | 862 (12.8%) |
| Vacant Housing Units | 163 ( 2.4%) |
| Median Home Value | $390,826 |
| Average Home Value | $433,427 |
Housing Distribution
Address Breakdown
Residential
6,722
Single Family
6,470
Multi-Family
252
Businesses
103
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Listed by: Mouna Kharbouche • Keller Williams Premier Realty
Mls Name: HAR
Mls Provider:
Mls ID: #29858211
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