9815 Shimmering Lakes Dr, Iowa Colony, TX, 77583 | $1,070/mo Cash Flow

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9815 Shimmering Lakes Dr, Iowa Colony, TX, 77583 | $1,070/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Iowa Colony at 9815 Shimmering Lakes Dr, Iowa Colony, TX, 77583 earns $1,070/mo cash flow from $3,701/mo rent with a $1,811/mo payment. Total monthly income totals $3,701/mo, and annual cash flow totals $12,838/yr on $122,655 capital. ROI tracks 30.38% on current figures, and rental yield reads 12% at a $369,999 purchase. Equity gained on principal adds $2,388/yr, and 5% annual appreciation supports $102,224 over five years. Five-year ROI reaches 160.18% and total cumulative return in cash sums $196,469. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,701/mo property income instead of your personal income.

Single Family

Built in 2017

7,679 sqft lot

$N/A/sqft

No HOA

More details about the property

Beautiful home situated on a premium lake view lot within a gated community! This 4 bedroom, 3.5 bath home features a thoughtfully designed open floorplan, perfect for both entertaining & everyday living. The spacious family room features soaring ceilings & backyard/lake views, and it flows seamlessly into the kitchen that is equipped w/42" cabinetry, granite countertops, recessed lighting & an adjoining breakfast room. Formal living & dining rooms upon entry. The primary suite offers an oversized shower, soaking tub, dual-sink vanity & generous walk-in closet. Upstairs, you will find a large gameroom & the guest bedrooms. Step outside to a covered back patio & enjoy the tranquil lake views through the wrought-iron fenceperfect for relaxing evenings or weekend BBQs. Located in a master-planned community w/numerous amenities that include a 24 hour guard gated entrance, pool, splash pad, fitness center, walking trails & more. Walking/biking distance to the elementary school.

Neighborhood Data

Neighborhood data shown for ZIP Code: 77583, Rosharon, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	21,326 (100%)
Owner Occupied HU	17,291 (81.1%)
Renter Occupied HU	1,560 ( 7.3%)
Vacant Housing Units	2,475 (11.6%)
Median Home Value	$360,995
Average Home Value	$403,554