37 April Point Dr SMontgomeryTX77356
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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 Montgomery at 37 April Point Dr S, Montgomery, TX, 77356 offers a 9.9% rental yield on a $199,999 purchase with $1,650/mo rent. Total monthly income registers $1,650/mo, and a $979/mo payment leaves $26/mo available for distribution. Annual cash flow reaches $308/yr on $66,300 to close, and return on cash invested stands at 20.37% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 107.89% and total cumulative return in cash at $71,528. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,650/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1978
2.53 Acres lot
$N/A/sqft
$202 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77356, Montgomery, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,071 (100%) |
| Owner Occupied HU | 11,927 (69.9%) |
| Renter Occupied HU | 2,595 (15.2%) |
| Vacant Housing Units | 2,549 (14.9%) |
| Median Home Value | $480,331 |
| Average Home Value | $586,627 |
Housing Distribution
Address Breakdown
Residential
16,601
Single Family
14,964
Multi-Family
1,637
Businesses
1,222
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Listed by: Lillian Hermes • Real Broker, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #94307880
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