6904 Elliot CtThe ColonyTX75056
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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
Investment property for sale in The Colony at 6904 Elliot Ct, The Colony, TX, 75056 at $298,500 posts ROI 22.26% with $194/mo cash flow from $2,426/mo rent. Total monthly income equals $2,426/mo, and annual cash flow records $2,324/yr on $98,953 to close. Return on cash invested measures 22.26% and rental yield reads 9.75% at the current $298,500. Equity gained on principal adds $1,926/yr, and 5% annual appreciation supports $82,470 by year five. Five-year ROI prints 117.14% and total cumulative return in cash totals $115,917.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,426/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1984
6,621 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75056, The Colony, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
31,154
Single Family
17,896
Multi-Family
13,258
Businesses
1,394
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Listed by: Lisa Jones • My City Real Estate LLC
Mls Name: NTREIS
Mls ID: #20695659
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.