406 Cypress AveCrosbyTX77532
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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 Crosby at 406 Cypress Ave, Crosby, TX, 77532 priced at $145,000 converts $1,484/mo rent into $453/mo cash flow after a $710/mo obligation. Total monthly income equals $1,484/mo, and annual cash flow totals $5,431/yr on $48,068 invested. Return on cash invested prints 31.21% in year one, and rental yield reads 12.28% against a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation compiles into $40,061 by year five. Five-year ROI reaches 164.69% and total cumulative return in cash sums $79,160. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,484/mo property income covering a $710/mo payment, not borrower’s personal income.
Single Family
Built in 1972
6,499 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77532, Crosby, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,959 (100%) |
| Owner Occupied HU | 10,830 (77.6%) |
| Renter Occupied HU | 2,376 (17.0%) |
| Vacant Housing Units | 753 ( 5.4%) |
| Median Home Value | $295,326 |
| Average Home Value | $329,899 |
Housing Distribution
Address Breakdown
Residential
13,454
Single Family
13,004
Multi-Family
450
Businesses
669
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Listed by: Pedro Iznaga • Redfin Corporation
Mls Name: HAR
Mls Provider:
Mls ID: #90925870
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