6303 Lemon Balm LnCrosbyTX77532
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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 6303 Lemon Balm Ln, Crosby, TX, 77532 offers $2,965/mo rent that, after a $1,569/mo payment, leaves $686/mo cash flow. Total monthly income is $2,965/mo, and annual cash flow is $8,227/yr on $106,246 cash. Return on cash invested measures 27.65% in year one, and rental yield stands at 11.1% at a $320,500 entry. Equity gained on principal adds $2,068/yr while 5% annual appreciation compounds into $88,548 by year five. Five-year ROI records 145.58% and total cumulative return in cash reaches $154,672. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,965/mo property income versus a $1,569/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
4,399 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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