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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in The Colony at 8409 Richmond Colony, The Colony, TX, 75056 priced at $855,000 pairs $4,170/mo rent with after a $4,185/mo payment. Total monthly income equals $4,170/mo. Return on cash invested is 11.44% in year one, and rental yield stands at 5.85% on a $855,000 basis. Equity gained on principal adds $5,517/yr, and 5% annual appreciation accumulates to $236,221 by year five. Five-year ROI measures 58.79% and total cumulative return in cash reaches $165,367. For financing, Ziffy Mortgage’s DSCR program evaluates $4,170/mo property income against a $4,185/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2022
8,145 sqft lot
$N/A/sqft
$660 semi-annually HOA
Neighborhood data shown for ZIP Code: 75056, The Colony, TX area.
| 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 |
Residential
31,154
Single Family
17,896
Multi-Family
13,258
Businesses
1,394
Date | Event | Price |
|---|---|---|
| 2024-07-18 | Price change | $855,000 |
| 2024-06-22 | Price change | $885,000 |
| 2024-06-13 | Listed for sale | $900,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Katherine Meyers • Coldwell Banker Realty Plano
Mls Name: NTREIS
Mls ID: #20641250
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.
