915 Highland Woods DrHighlandsTX77562
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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 Highlands at 915 Highland Woods Dr, Highlands, TX, 77562 priced at $389,000 converts $3,395/mo rent into $586/mo cash flow after a $1,904/mo obligation. Total monthly income equals $3,395/mo, and annual cash flow totals $7,035/yr on $128,954 invested. Return on cash invested prints 25.36% in year one, and rental yield reads 10.47% against a $389,000 entry. Equity gained on principal adds $2,510/yr, while 5% annual appreciation compiles into $107,474 by year five. Five-year ROI reaches 133.48% and total cumulative return in cash sums $172,122. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,395/mo property income covering a $1,904/mo payment, not borrower’s personal income.
Single Family
Built in 1996
0.32 Acres lot
$N/A/sqft
$510 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77562, Highlands, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,559 (100%) |
| Owner Occupied HU | 3,712 (66.8%) |
| Renter Occupied HU | 1,465 (26.4%) |
| Vacant Housing Units | 382 ( 6.9%) |
| Median Home Value | $283,692 |
| Average Home Value | $324,989 |
Housing Distribution
Address Breakdown
Residential
3,960
Single Family
3,836
Multi-Family
124
Businesses
268
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Listed by: Melanie Wingate • Bates-Brinkley Realty
Mls Name: HAR
Mls Provider:
Mls ID: #64192776
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