719 Cherokee DrMontgomeryTX77316
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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 Montgomery at 719 Cherokee Dr, Montgomery, TX, 77316 generates $2,050/mo in rent, after a $1,498/mo payment. Total monthly income is $2,050/mo. Return on cash invested sits at 18.41% in year one, and rental yield is 8.04% on a $306,000 entry. Equity gained on principal adds $1,975/yr, while 5% annual appreciation builds toward $84,542 over five years. Five-year ROI reaches 96.05% and total cumulative return in cash sums $97,428. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,050/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
5,566 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77316, Montgomery, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,356 (100%) |
| Owner Occupied HU | 13,173 (80.5%) |
| Renter Occupied HU | 1,831 (11.2%) |
| Vacant Housing Units | 1,352 ( 8.3%) |
| Median Home Value | $452,118 |
| Average Home Value | $493,656 |
Housing Distribution
Address Breakdown
Residential
15,368
Single Family
14,899
Multi-Family
469
Businesses
331
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Listed by: Emily Wilcox • Better Homes and Gardens Real Estate Gary Greene - Lake Conroe South
Mls Name: HAR
Mls ID: #53749893