8303 Palmetta Spring DrTomballTX77375
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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 Tomball at 8303 Palmetta Spring Dr, Tomball, TX, 77375 with 5% annual appreciation on a $380,000 basis while $3,320/mo rent supports operations. Total monthly income totals $3,320/mo and a $1,860/mo payment preserves $564/mo for cash returns. Annual cash flow comes to $6,772/yr on $125,970 deployed, and return on cash invested reaches 25.28% in year one. Equity gained on principal adds $2,452/yr, and five-year appreciation sums $104,987 alongside rental yield of 10.48%. Five-year ROI measures 133.08% and total cumulative return in cash totals $167,641.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,320/mo property income versus a $1,860/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2005
6,899 sqft lot
$N/A/sqft
$640 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77375, Tomball, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,379 (100%) |
| Owner Occupied HU | 17,503 (69.0%) |
| Renter Occupied HU | 6,631 (26.1%) |
| Vacant Housing Units | 1,245 ( 4.9%) |
| Median Home Value | $348,167 |
| Average Home Value | $427,152 |
Housing Distribution
Address Breakdown
Residential
26,489
Single Family
20,731
Multi-Family
5,758
Businesses
1,895
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Listed by: Leticia Herrera • CB&A, Realtors
Mls Name: HAR
Mls Provider:
Mls ID: #97274671
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