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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in The Colony at 629 Somerset Dr, The Colony, TX, 75056 offers a 7.71% rental yield on a $625,000 purchase with $4,018/mo rent. 97% in year one. Equity gained on principal adds $4,033/yr while 5% annual appreciation supports $172,676 over five years. Portfolio math shows five-year ROI at 88.5% and total cumulative return in cash at $181,969. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,018/mo property income against a $3,059/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2021
3,092 sqft lot
$N/A/sqft
$1,242 annually HOA
Neighborhood data shown for ZIP Code: 75056, The Colony, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,083 (100%) |
| Owner Occupied HU | 16,441 (51.2%) |
| Renter Occupied HU | 13,404 (41.8%) |
| Vacant Housing Units | 2,238 ( 7.0%) |
| Median Home Value | $488,651 |
| Average Home Value | $527,353 |
Residential
31,154
Single Family
17,896
Multi-Family
13,258
Businesses
1,394
Date | Event | Price |
|---|---|---|
| 2024-09-23 | Price change | $625,000 |
| 2024-09-10 | Listed for sale | $635,000 |
| 2023-02-09 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Victor Vo • Douglas Elliman Real Estate
Mls Name: NTREIS
Mls ID: #20722505
Disclaimer: IDX information is provided exclusively for 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.
