37703 Edgewater DrPinehurstTX77362
Nearby investment properties with comparable rents
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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 Pinehurst at 37703 Edgewater Dr, Pinehurst, TX, 77362 generates $4,722/mo in rent, after a $5,653/mo payment. Total monthly income is $4,722/mo. Return on cash invested sits at 8.54% in year one, and rental yield is 4.91% on a $1,155,000 entry. Equity gained on principal adds $7,453/yr, while 5% annual appreciation builds toward $319,105 over five years. Five-year ROI reaches 43.26% and total cumulative return in cash sums $161,875. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,722/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
1.15 Acres lot
$N/A/sqft
$2,366 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77362, Pinehurst, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,097 (100%) |
| Owner Occupied HU | 2,642 (85.3%) |
| Renter Occupied HU | 307 ( 9.9%) |
| Vacant Housing Units | 148 ( 4.8%) |
| Median Home Value | $452,486 |
| Average Home Value | $488,753 |
Housing Distribution
Address Breakdown
Residential
3,103
Single Family
3,103
Multi-Family
0
Businesses
344
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Listed by: Melissa Perez-Mueller • Keller Williams Realty The Woodlands
Mls Name: HAR
Mls Provider:
Mls ID: #64940293
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