3706 Canyon DrIowa ColonyTX77583
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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 Iowa Colony at 3706 Canyon Dr, Iowa Colony, TX, 77583 priced at $568,900 converts $4,424/mo rent into $227/mo cash flow after a $2,784/mo obligation. Total monthly income equals $4,424/mo, and annual cash flow totals $2,721/yr on $187,168 invested. Return on cash invested prints 21.51% in year one, and rental yield reads 9.33% against a $568,900 entry. Equity gained on principal adds $3,671/yr, while 5% annual appreciation compiles into $157,177 by year five. Five-year ROI reaches 112.99% and total cumulative return in cash sums $211,480. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,424/mo property income covering a $2,784/mo payment, not borrower’s personal income.
Single Family
Built in 2020
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77583, Rosharon, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,326 (100%) |
| Owner Occupied HU | 17,291 (81.1%) |
| Renter Occupied HU | 1,560 ( 7.3%) |
| Vacant Housing Units | 2,475 (11.6%) |
| Median Home Value | $360,995 |
| Average Home Value | $403,554 |
Housing Distribution
Address Breakdown
Residential
18,736
Single Family
18,736
Multi-Family
0
Businesses
434
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Listed by: N/A • N/A
Mls Name: BHHS broker feed
Mls ID: #97364143