Harris Plan, Canterra Creek, Iowa Colony, TX, 77583 | $697/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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Harris Plan, Canterra Creek, Iowa Colony, TX, 77583 | $697/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

Rental property for sale in Iowa Colony at Harris Plan, Canterra Creek, Iowa Colony, TX, 77583 priced at $290,900 converts $2,833/mo rent into $697/mo cash flow after a $1,424/mo obligation. Total monthly income equals $2,833/mo, and annual cash flow totals $8,366/yr on $96,433 invested. Return on cash invested prints 28.58% in year one, and rental yield reads 11.69% against a $290,900 entry. Equity gained on principal adds $1,877/yr, while 5% annual appreciation compiles into $80,370 by year five. Five-year ROI reaches 150.92% and total cumulative return in cash sums $145,535. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,833/mo property income covering a $1,424/mo payment, not borrower’s personal income.

Single Family

Built in 2025

N/A lot

$N/A/sqft

$67 monthly HOA

More details about the property

This exceptional, single-story home has everything you have been looking for! Enjoy a fully upgraded kitchen, luxurious master suite, spacious laundry room and sizable bedrooms with the Harris at Canterra Creek. The home showcases the modern features and luxurious finishes including stainless steel Whirlpool appliances, granite countertops, 36" upper wood cabinets, programmable thermostat, Wi-Fi-enabled garage door opener and professional front yard landscaping. You will also love having energy-efficient features throughout your home. An inviting open-concept layout gives you plenty of space to host all your friends and family with a large family room and an adjoining kitchen and dining room. Guests will enjoy being able to flow easy throughout the home and back patio while they visit. A fenced-in back yard provides an exceptional space for the kids to run arounds and play. The Harris floor plan provides the perfect space for your family to gather and create endless memories.

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