303 Canary StNew CaneyTX77357
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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 New Caney at 303 Canary St, New Caney, TX, 77357 with 5% annual appreciation on a $269,990 basis while $2,215/mo rent supports operations. Total monthly income totals $2,215/mo and a $1,321/mo payment preserves $296/mo for cash returns. Annual cash flow comes to $3,546/yr on $89,502 deployed, and return on cash invested reaches 23.87% in year one. Equity gained on principal adds $1,742/yr, and five-year appreciation sums $74,593 alongside rental yield of 9.84%. Five-year ROI measures 125.33% and total cumulative return in cash totals $112,174.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,215/mo property income versus a $1,321/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1973
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77357, New Caney, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,646 (100%) |
| Owner Occupied HU | 12,426 (74.6%) |
| Renter Occupied HU | 2,795 (16.8%) |
| Vacant Housing Units | 1,425 ( 8.6%) |
| Median Home Value | $324,310 |
| Average Home Value | $342,586 |
Housing Distribution
Address Breakdown
Residential
15,078
Single Family
14,889
Multi-Family
189
Businesses
691
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