304 Foster StTomballTX77375
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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 Tomball at 304 Foster St, Tomball, TX, 77375 offers a 9.76% rental yield on a $225,000 purchase with $1,830/mo rent. Total monthly income registers $1,830/mo, and a $1,101/mo payment leaves $230/mo available for distribution. Annual cash flow reaches $2,763/yr on $74,588 to close, and return on cash invested stands at 23.61% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 123.96% and total cumulative return in cash at $92,457. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,830/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77375, Tomball, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,379 (100%) |
| Owner Occupied HU | 17,503 (69.0%) |
| Renter Occupied HU | 6,631 (26.1%) |
| Vacant Housing Units | 1,245 ( 4.9%) |
| Median Home Value | $348,167 |
| Average Home Value | $427,152 |
Housing Distribution
Address Breakdown
Residential
26,489
Single Family
20,731
Multi-Family
5,758
Businesses
1,895
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Listed by: Justin Carswell • Carswell Real Estate Co. Inc.
Mls Name: HAR
Mls Provider:
Mls ID: #11219720
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