67 Promenade St NMontgomeryTX77356
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
Rental property for sale in Montgomery at 67 Promenade St N, Montgomery, TX, 77356 offers $4,336/mo rent that, after a $5,869/mo payment. Total monthly income is $4,336/mo. Return on cash invested measures 7.06% in year one, and rental yield stands at 4.34% at a $1,199,000 entry. Equity gained on principal adds $7,737/yr while 5% annual appreciation compounds into $331,262 by year five. Five-year ROI records 35.24% and total cumulative return in cash reaches $136,881. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,336/mo property income versus a $5,869/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2010
0.29 Acres lot
$N/A/sqft
$1,401 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77356, Montgomery, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,071 (100%) |
| Owner Occupied HU | 11,927 (69.9%) |
| Renter Occupied HU | 2,595 (15.2%) |
| Vacant Housing Units | 2,549 (14.9%) |
| Median Home Value | $480,331 |
| Average Home Value | $586,627 |
Housing Distribution
Address Breakdown
Residential
16,601
Single Family
14,964
Multi-Family
1,637
Businesses
1,222
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Listed by: Beverly Smith • Coldwell Banker Realty - Lake Conroe/Willis
Mls Name: HAR
Mls Provider:
Mls ID: #62287805
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