53 Meadowood DrHilltop LakesTX77871
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Hilltop Lakes at 53 Meadowood Dr, Hilltop Lakes, TX, 77871 offers a 10.34% rental yield on a $499,500 purchase with $4,306/mo rent. Total monthly income registers $4,306/mo, and a $2,445/mo payment leaves $623/mo available for distribution. Annual cash flow reaches $7,473/yr on $165,584 to close, and return on cash invested stands at 24.42% in year one. Equity gained on principal adds $3,223/yr while 5% annual appreciation supports $138,003 over five years. Portfolio math shows five-year ROI at 128.6% and total cumulative return in cash at $212,935. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,306/mo property income against a $2,445/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2013
1.89 Acres lot
$N/A/sqft
$131 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77871, Normangee, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,042 (100%) |
| Owner Occupied HU | 1,397 (68.4%) |
| Renter Occupied HU | 226 (11.1%) |
| Vacant Housing Units | 419 (20.5%) |
| Median Home Value | $262,165 |
| Average Home Value | $336,263 |
Housing Distribution
Address Breakdown
Residential
969
Single Family
969
Multi-Family
0
Businesses
95
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Reginald Hays • RE/MAX Advanced Real Estate - Buffalo TX
Mls Name: HAR
Mls Provider:
Mls ID: #27823201
Disclaimer: Copyright 2024, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.